BNDES, Caixa manage Brazil-China fund

BNDES, Caixa manage Brazil-China fund

Structured Finance Brazil China Loans Funds Project & Infrastructure Finance

State-owned lenders BNDES and Caixa Economica Federal will manage a $20bn infrastructure fund formed by Brazil and China to invest in infrastructure projects in the South American country. The Brazil-China Cooperation Fund will receive $15bn from the Chinese Cooperation Fund for Investment in Latin America (Claifund) and $5bn from financial institutions in Brazil. The fund is open to other banks in Brazil, other than BNDES and Caixa, BNDES said in a statement. For every $1 that the Brazilian ban

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