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Amazon Fund Fuels Brazil-Norway Ties

By Juliana Tafur, Contributing Reporter

RIO DE JANEIRO – The Norwegian Brazilian Chamber of Commerce held a presentation last Wednesday on the US$110 million that Brazil will receive for the Amazon Fund. The funds are part of a Norwegian donation of up to US$1 billion, to be transferred by 2015 to the Brazilian Development Bank, which will manage the project.

Brazil has 30 percent of the world’s remaining rain forests, but lacks the necessary resources to take care of them. Norway, instead, sits atop an immense oil and gas field that has made the country one of the . . .

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