July 2, 2009
The China Development Bank plans to open a LatAm rep office in Rio de Janei
The China Development Bank plans to open a LatAm rep office in Rio de Janeiro, according to a statement from the state governor. The bank aims to open its office by the middle of 2010 and has expressed interest in investing in ports, steel mills, energy and projects related to the 2014 World Cup soccer tournament in Brazil, as well as Rio’s bid for the 2016 Olympics. The Chinese government-backed lender has this year agreed to lend up to $800m to BNDES and $10bn to Petrobras.