Biden pledges $500M to Lula da Silva to help reforest Amazon

Brazilian President Luiz Inacio Lula da Silva discussed with US President Joe Biden efforts to fight climate change, as well as the outcome of a summit of rainforest nations held in Brazil last week, Report informs referring to Reuters.

In a post on social media platform X, formerly known as Twitter, Lula said he and Biden spoke by phone and also discussed a joint initiative between the countries to create jobs that should be launched soon.

The White House confirmed the conversation in a statement, adding that two leaders spoke about Biden's commitment to request $500 million from the US Congress over five years to support the Brazilian-administered Amazon Fund, aimed at boosting environmental protections.

The presidents discussed "ongoing efforts to help mobilize up to $1 billion to support the restoration of degraded lands in Brazil and the Amazon region."

Both leaders also committed to maintaining "active communication" about Venezuela and Haiti, the statement added.