RR (1)

www.amazonfund.gov.br

Territorial Scope of the Projects(quantity)

TO (2)

RO (3)

AM (12)

MT (7)

AC (2)

PA (30)

SeveralAmazonStates (15)

Number of Projects

Total: 72 projects

Under AnalisysLevels 3 + 4

25 (36%)

ApprovedLevels 1 + 2 13 (17%)

Submitted Levels 5 + 6

33 (47%)

*Overview of the projects submitted to the Amazon Fund

In perspective (level 6):

Consultation-Letter (level 5):

Eligible (level 4):

Under analysis (level 3):

Approved (level 2):

Contracted (level 1):

First level to register the protocoled receipt of a Previous Consultation until all documentation needed for assessment of eligibility is made available.

Projects in perspective are promoted to this operational level when the Priorities Department of the Planning Division of the BNDES (DEPRI/AP) considers that all documentation needed for assessment of eligibility is available.

The project reaches this level when the Eligibility and Credit Committee of the BNDES (CEC) understands that the Previous Consultation is in accordance with the operational policies of the BNDES and with the guidelines and criteria of the Amazon Fund. At this level, the beneficiary must supply additional detailed information on the project.

At this stage, the Management Department of the Amazon Fund of the Environment Division (DEFAM/AMA) begins the detailed analysis of the entire project.

Once the analysis is completed, the DEFAM/AMA forwards the technical recommendation for financial support for the project to the BNDES’ Board of Directors. Once approved, the applicant is requested to send the additional documentation required for contracting.

Once the contract has been signed, the project begins its operational phase. According to the terms of the signed contract, disbursements of the resources are made in installments, according to the physical-financial timetables agreed upon and the progress of the project, of which evidence will be made available through technical monitoring carried out by the BNDES/ Amazon Fund team.

Operational LevelsInternal Flow of the Projects - BNDES

Management Department of the Amazon Fund AMA/DEFAM

PortfolioReport

December 31, 2010

RR (1%)TO (4%)

RO (8%)

AM (14%)

MT (11%)

AC (9%)

PA (19%)

Several Amazon States (35%)

Distribution of Requested Value by State

Municipal PublicAdministration (22%)

Legal Nature of the Applicants

Private Company (1%)State Owned Company/Mixed Cap.

Company (3%)

Federal PublicAdministration

(11%)

State PublicAdministration

(18%)

Third Sector (38%)

Others (7%)

* D

ata

extr

acte

d fro

m t

he o

pera

tional in

form

ation s

yste

m o

f th

e B

ND

ES (

OPE)

Operational Modalities - BNDES

F PA :

SPA:

S& T :

ID:

Fo r e s t s a nd P r o t e c t e d A r e a s

(Environmental Management and Services).

Sustainable Production Activities.

S c i e n t i f i c a nd Te chno l o g i c a l

Development applied to the sustainable use of

biodiversity.

Institutional Development and enhancing

of control mechanisms.

CommentsA project may include several efforts. Each one can be related to a different Area of Activity

or Operational Modality. Thus, the sum of the number of projects per area or operational

modality may deviate from the total of projects in the portfolio.

Areas of Activity

I

II

III

IV

V

VI

VII

Management of public forests and protected

areas;

Control, monitoring and environmental

inspection;

Sustainable forest management;

Economic activities developed through the

sustainable use of the forest;

Ecological and economic zoning, land-use

planning and land-title regularization;

Conservation and sustainable use of

biodiversity;

Recovery of deforested areas.

Level

1 - Contracted

2 - Approved

3 - Under Analysis

4 - Eligible

5 - Consultation Letter

6 - In Perspective

Sum of the levels 1, 2, 3 & 4

Totals

Amount of the Support/Requested

(in US$ thousand)

99.785

13.932

33.498

277.857

499.345

58.714

162.773

15.558

Total Value of the Projects

(in US$ thousand)

199.272

31.066

38.816

307.026

669.141

75.419

286.697

17.542

*Distribution per Operational Levels - BNDES

* The exchange rate is calculated and published by Central Bank of Brazil on www.bcb.gov.br

Number of Projects

5

8

16

30

72

3

39

10

BNDES December 31, 2010Portfolio Report

Number of projects per Area of ActivityDecree No. 6,527/2008

I II III IV V VI VII

0

10

20

30

40

50

Number of projects per Operational Modality - BNDES

FPA SPA S&T ID

30

25

20

15

10

5

0

35

40