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The Brazilian federal government has launched a foreign exchange protection program called Red Cambial to attract foreign investments in sustainable projects, which was announced during a G20 side event in São Paulo. This initiative, in partnership with the Inter-American Development Bank and with the support of 27 billion reais, aims to provide insurance to companies by fixing the exchange rate to avoid fluctuations in the real against foreign currencies, facilitating long-term foreign investments in markets where opportunities are limited. The Environment Minister stressed the importance of combining public and private investments for achieving the ecological transformation needed by Brazil and the world, highlighting the significance of public policies in combating inequality as a key agenda for the upcoming G20 meetings.
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