May 31, 2017 |
The IDB Group has opened an office in Sao Paulo to its increase its presence in Brazil.
The development bank has its country office in Brasilia but the new site puts it in closer contact with private sector clients based in Brazil's largest city, the IDB said in a statement.
The IDB's private sector division, the IIC, manages $3.1bn in Brazil, with $1.2bn in A loans and $1.9bn in B loans. The IDB intends to increase lending to the energy, transportation, agribusiness and telecommunications sec
Development bank's private sector division has deployed $3.1bn in Brazil, including $1.2bn in A loans and $1.9bn in B loans