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Presidents Luiz Inácio Lula da Silva and Emmanuel Macron launched Tuesday in Belém a € 1 billion investment bioeconomy program for the Brazilian Legal Amazon as well as for the part of the Amazon within French Guiana to raise funds through public and private investments over the next four years, Agencia Brasil reported.
The move is aimed at the Amazon in both Brazil and French Guiana, and comes as part of the Action Plan on the Bioeconomy and the Protection of Tropical Forests, signed by Brazil and France.
Paraguay is projected to have the highest economic growth in the region in 2024, according to the indicator released by the Brazilian Center for Economic Studies, the Getulio Vargas Foundation (FGV). The new projections mentioned in the Latin America Economic Climate Index (ICE) indicate Paraguay with an expansion of 3.9%.