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Reuters
Reuters
Business

Brazil's top court set to rule in favor of Amazon Fund revival

Amazon Fund Amazon Brazil Jair Bolsonaro Deforestation
FILE PHOTO: A tractor unloads a truck at a wood company warehouse in the Amazon rainforest, inside Jamari National Forest Park in the County of Itapua do Oeste, Rondonia state, Brazil September 28, 2021. Picture taken September 28, 2021. REUTERS/Adriano Machado/File Photo

Brazil's Supreme Court is set to demand that the government reactivate a billion-dollar international fund aimed at protecting the Amazon rainforest as the nation faces rampant deforestation, according to a court statement on Thursday.

A majority of the top court's justices decided that the government must take steps within 60 days to reactivate the Amazon Fund, frozen in 2019 when the President Jair Bolsonaro's administration decided to change its governance structure.

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