COVID-19 has affected all aspects of our lives. In the Amazon, it was no different. For this reason, USAID, NPI Expand, the Partners for the Amazon Platform (PPA) and SITAWI Finanças do Bem have teamed up to create a partnership to help combat COVID-19 in the region.
“PPA Solidarity: Response to COVID-19 in the Amazon” is an initiative that engages the private sector in strategic partnerships to leverage innovative and scalable solutions to strengthen the rapid response to emergencies and combating COVID-19.
Partners from the private sector and civil society came together to coordinate this response, leveraging approximately R$18.2 million reais, which joins the R$10.6 million invested by USAID through NPI Expand. Know the supported projects.
PPA ACCELERATION AND INVESTMENT PROGRAM
The Program focuses on entrepreneurs working in the Amazon, as well as regional demands and realities. It is led by a group of PPA companies coordinated by Idesam (Institute for the Conservation and Sustainable Development of the Amazon). It counts on strategic and financial support provided by USAID (US Agency for International Development), Coordinated by the Alliance Bioversity - International Center for Tropical Agriculture (CIAT), the Humanize Institute and the Vale Fund.. According to ANPROTEC, the PPA is the best acceleration program in the northern region of Brazil. Since it was launched two years ago, it has invested almost R$5 million in Amazon businesses, providing customized solutions adapted to different types of business, including a diversity of sources (private capital and philanthropic) and financial mechanisms.
The crowdfund Platform is an initiative led by SITAWI and the Sabin Institute. It works through peer-to-peer lending, in which a person digitally provides direct loans to another person or company. The initiative is in its first Amazon round, and its strategic and funding partners include USAID (United States Agency for International Development), CIAT (International Center for Tropical Agriculture), and the Humanize Institute. IDESAM (Institute for the Conservation and Sustainable Development of the Amazon) is the Platform's executing partner.
The PPA is committed to implementing and sharing best practices for sustainable development in the Amazon through private sector engagement, and is therefore developing an innovative monitoring and learning program. Coordinated by the Alliance of Biodiversity International and the International Center for Tropical Agriculture (CIAT), the program will monitor the development of the PPA and the results of its programs, aiming to identify good practices and new opportunities for action that could be shared with society.