Mombak Secures $17M Funding
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Brazilian development bank BNDESReuters
•Business
Business & Economics
Santander, BNDES back Mombak reforestation, drawing on Brazil climate fund

82% Informative
Mombak will be the first to fund a reforestation project with the backing of the Brazil 's " New Climate Fund " Brazil 's government launched the 10 billion -real initiative in 2023 to finance climate-related projects.
Santander Brasil is serving as financial intermediary for the deal, underscoring growing interest from private lenders in the sector.
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