Brazilian tourism losses with pandemic total $65.6 bn

The losses of Brazilian tourism with the pandemic reach R$ 341.1 billion ($65.6 bn), according to estimates by the National Confederation of Trade of Goods, Services and Tourism (CNC). The tourism sector is 44% below the level of February 2020, before the pandemic began in the country, a much more critical situation than other sectors of the economy, such as services in general (-2.8%), retail (-0.3%) and industry (0%).

Source: Valor Investe

Covid-19 deaths among elderly take $730 mm out of circulation

Covid-19 deaths among elderly in Brazil took about R$3.8 billion ($730 mm) out of circulation in the 13 and a half months of pandemic to April. This income not received pushed into poverty hundreds of thousands of families who
depend financially on parents and grandparents. The amount lost is equivalent to 1.3% of the total income of the population in the 12 months of 2019, R$294.4 billion ($56.7 bn), the latest data compiled by the IBGE, which considers wages, pensions and other sources.

Source: Valor International

Green bonds issued by the agriculture and cattle-raising sector grow

Agribusiness is raising more funds through sustainable credit operations, the “green bonds”, and the expectation is that the amount raised in 2021 grows at least 50%. Since August of last year, certification criteria for agribusiness have been published by the Climate Bonds Initiative (CBI) and there has been an increase in the sector’s interest in being financed by this means, as well as a greater demand from investors.

Source: Portal do Agronegocio

Caixa Econômica Federal will transfer $29 mm for forest preservation

Caixa Econômica announced its adherence to the Ministry of Environment’s Adopt a Park programme. The bank controlled by the federal government has committed to invest R$150 million ($29 mm) to protect 3.5 million hectares of forest in the Amazon. The first phase of the programme is aimed exclusively at 132 federal conservation units in the Amazon.

Source: Money Times