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AmericasMarch 19 2021

Banks can offer Amazon rainforest shelter from the storm

Lenders have an important role to play in preserving the world’s largest rainforest. 
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Banks can offer Amazon rainforest shelter from the storm

It is not just deforestation policy that needs to change, says Paulo Barreto, a researcher at Imazon, a Brazilian research organisation that promotes conservation and sustainable development in the Amazon forest.

Mr Barreto points to the rising rates of deforestation in the world’s largest rainforest. “Discourse has an effect. Because we have weak institutions, if [president Jair] Bolsonaro says ‘go’, all these guys in the field, they go — no matter what the deforestation policy is.” 

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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