The IADB President Goldfajn, alongside Brazil’s central bank chief Roberto Neto and Finance Ministry’s Ceron, discussed a new initiative to provide FX hedging for private investments in sustainable projects. The IDB will allocate USD 5.4 bln, with USD 2 bln in credit lines and USD 3.4 bln in derivatives, aiming to mitigate FX rate volatility risks for these investments. This initiative, part of the Eco Invest Brasil program, seeks to attract foreign investments in sustainable projects without the deterrent of FX rate fluctuations.