June 7, 2018 |
Brazil's national development bank BNDES and the IDB have not yet hired a manager for a new $1.5bn infrastructure fund, despite naming Bozano Investimentos in a press release earlier this week.
BNDES last month announced the formation of B2 Infra, saying it would cover at least 30% of the fund, while the IDB would put in 10%. The remaining 60%, or some $900m, will come from private investors, primarily institutional investors, BNDES said.
The new fund will provide loans for transportation, ene
Multilateral and Brazilian development bank will announce the structure of the B2 Infra fund within two months