IDB approves Brazilian credit lines

IDB approves Brazilian credit lines

Economy & Policy Loans Debt Fixed Income Brazil

The IDB has approved a $900m conditional credit line for investment projects (CCLIP) for Brazil's PROFISCO II program, the multilateral said in a statement. Brazil's Ceara state gets the first look at the credit line, receiving $70m from an IDB-approved loan. The state has pledged $7m of its own funds towards the program. The CCLIP funding is based on a 25-year term with a 5.5-year grace period over Libor. PROFISCO II was launched to build on its precursor, PROFISCO I, which was implemented i

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial