Germany | Government cuts preservation aid to Brazil over reports of increasing Amazon deforestation

SAO PAULO (Reuters) - Germany decided to suspend 35 million euros ($39 million) in funds sent to Brazil to finance projects aimed at preserving the Amazon forest due to increasing deforestation, Brazilian media outlets reported on Saturday.

The move reflects “great concerns with an increasing deforestation in the Brazilian Amazon,” the German embassy in Brazil told Folha de S.Paulo newspaper, adding that the cut does not affect the Amazon Fund, to which Germany is a key donor.

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