GREEN FINANCE
Brazil’s new rules tie rural credit to deforestation checks
Rural credit can also no longer be used for legal deforestation. “Do it with your own money, not public funds,” said the Environment Ministry. Photo: Fernando Augusto/Ibama
For decades, the ritual for obtaining subsidized rural credit in Brazil’s vast agricultural heartlands was a conversation about crop yields, interest rates and tractor payments.
But since April 1, the conversation has changed for agricultural producers: banks’ credit analysts are no longer merely poring over balance sheets — they’re also …
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