Deforestation of the Amazon rainforest the forest is still shrinking.<ref name="INPE/Prods satellite data"> INPE figures August to July.</ref> Norwegian prime minister Jens Stoltenberg announced on September 16, 2008, that Norway's government would donate US $1 billion to the newly established Amazon fund. The money from this fund would go to projects aimed at slowing down the deforestation of the Amazon rainforest. In September 2015, Brazilian president Dilma Rousseff told the United Nations that Brazil had effectively reduced the rate of deforestation in the Amazon by 82 percent. She also announced that over the next 15 years, Brazil aimed to eliminate illegal deforestation, restore and reforest
Deforestation of the Amazon rainforest clear more and more land. Amazonian colonization was ruled by cattle raising because ranching required little labor, generated decent profits, and land under state ownership to private companies, without term limits on the property rights. While the law was promoted as a "reforestation" measure, critics claimed the privatization measure would in fact encourage further deforestation of the Amazon, while surrendering the nation's rights over natural resources to foreign investors and leaving uncertain the fate of Peru's indigenous people, who do not typically hold formal title to the forestlands on which they subsist. Law 840 met widespread resistance and was eventually