The Amazon Fund (in Portuguese: Fundo Amazônia) is an initiative created by the Brazilian Government and managed by the National Bank for Economic and Social Development (BNDES).

It was established on 1 August 2008, with the aim of attracting donations for non-reimbursable investments in actions for the prevention, monitoring, and combat of deforestation, and for the promotion of conservation and sustainable use of the Amazon rainforest.

The projects supported by the fund must be aligned with applicable public policies and the guidelines and criteria, in addition to demonstrating their direct or indirect contribution to the reduction of deforestation and forest degradation.

Various types of entities can submit projects for funding, including public administration bodies, NGOs, private companies, cooperatives, and research institutions.

[8][9][10][11][12][13][14] The Amazon Fund, established in 2008 and operational since 2009, was primarily created to incentivize Brazil and other developing countries with tropical rainforests to reduce greenhouse gas emissions and forest degradation.

The initiative was proposed by Brazil during the 12th Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC) in Nairobi, Kenya, in 2008.

[15][4] In 2019, during the Bolsonaro government, the then Environment Minister Ricardo Salles proposed alterations to the structure of the Amazon Fund, citing irregularities in its management.

[26] The Technical Committee of the Amazon Fund (CTFA) is tasked with validating carbon emissions from deforestation as calculated by the Ministry of the Environment and Climate Change (MMA).

[30] The Action Plan for the Prevention and Control of Deforestation in the Legal Amazon (PPCDAm) initially comprised 13 ministries of the Brazilian federal government, under the direct coordination of the President's Chief of Staff.

[31][32][33][30][34] There are also other examples of efforts aimed at discouraging illegal deforestation in the Amazon Rainforest, such as the implementation of frameworks for the management of public forests, which were incorporated into Brazil’s legal system in 2006.

Nonetheless, there is still significant progress to be made in making the remaining forest more economically and socially attractive than clearing it for cattle-raising and agricultural purposes.

Therefore, it is increasingly vital to establish a development model for the Amazon rainforest that values and protects its resources while simultaneously fostering social and ethnic diversity and improving the population’s standard of living.