Procurement Summary
Country: Brazil
Summary: Financial Advisor to the TFIF
Deadline: 29 Jul 2026
Posting Date: 23 Jul 2026
Other Information
Notice Type: Tender
TOT Ref.No.: 145757848
Document Ref. No.: 0002022977
Competition: ICB
Financier: World Bank (WB)
Purchaser Ownership: Public
Tender Value: Refer Document
Purchaser's Detail
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Login to see detailsTender Details
The Tropical Forest Forever Facility (TFFF) is a multilateral initiative co-led by the governments of Brazil and Norway to protect tropical rainforests globally. The TFFF was launched at COP30 in Belém in November 2025 and aims to provide annual remuneration to standing rainforests for their biodiversity and ecosystem services, in the form of performance-based payments.At the core of the initiative is the Tropical Forest Investment Fund (TFIF), a structured fund with a planned volume of up to USD 125 billion. Up to USD 25 billion are expected to be raised as a first-loss (“junior”) tranche from public donors/investors and philanthropic actors. To date, pledges of approximately USD 6.7 billion to the junior tranche have been made by several sovereign sponsors and philanthropic partners. The junior tranche is proposed to mobilize up to USD 100 billion in private capital from institutional investors in the senior tranche.The TFIF will invest the proceeds raised through the senior and junior tranches in global capital markets. The excess returns generated will be transferred to eligible Tropical Forest Countries (TFCs) via the TFFF and also used, inter alia, to build an equity buffer within the TFIF that supports permanent operation of the TFIF. The TFFF aims to pay up to USD 4 per hectare of tropical forest annually as a grant to TFCs. Monitoring of forest cover and performance will be carried out by the TFFF using remote sensing, which provides the basis for determining the payments. At least 20% of the funds must be channelled directly to Indigenous Peoples and Local Communities.The TFIF is currently governed by a Transition Committee (TC) composed of representatives of the sponsoring countries. The TC aims to make the TFIF fully operational by the first half of 2027. During the preparatory phase, the TC has engaged certain independent consultants and boutique advisory firms to support financial modelling, fundraising, and organizational set-up. Of special priority i...
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