Brazil TCU rules environmental agreement funds must follow federal budget rules

Brazil's Federal Court of Accounts (TCU) voted 4-2 to reject Ibama's request to directly manage funds from environmental agreements, mandating that these resources comply with Union budgetary rules. This shifts control of environmental compensation funds from the environmental agency to the central government, potentially affecting the speed and flexibility of environmental projects. The decision is a notable institutional check on Ibama's financial autonomy.