Brazil announces new auction to lure foreign capital into green projects with FX hedge mechanism

BRASILIA, Oct 8 (Reuters) – Brazil's government on Wednesday detailed a new Eco Invest auction to attract foreign equity into innovation and sustainability projects, offering a foreign exchange hedge mechanism for the first time. Launched last year, Eco Invest seeks to channel international capital into long-term sustainable ventures. The first auction was held in October 2024, followed by a second in August focused on restoring degraded pastureland. (Reporting by Marcela Ayres)

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