May 31, 2018 |
Brazil's national development bank BNDES and the IDB have formed a $1.5bn infrastructure fund called B2 Infra.
BNDES will contribute at least 30% to the fund, while the IDB will put in another 10%. The remaining 60%, or some BRL900m, will come from private investors, primarily institutional investors, BNDES said in a statement.
B2 Infra will buy debt instruments for transportation, energy, sanitation and social infrastructure projects like healthcare and education. The new fund is expected to
Brazil's national development bank will contribute at least 30% to the $1.5bn fund, while the multilateral lender will chip in 10%