NDB lends to climate fund in Brazil

NDB lends to climate fund in Brazil

Loans Project & Infrastructure Finance Debt Corporate & Sovereign Strategy Funds Energy Renewable Solar Wind Brazil

The New Development Bank (NDB) said it has granted a $500 million loan for Brazil's national climate fund, called Fundo Clima.The fund is expected to use the money to finance urban mobility, waste treatment, renewable energy and energy efficiency projects in Brazil, the bank said in a statement."The loan represents a threefold increase of Fundo Clima operations and the total amount of $500 million is expected to be fully committed by 2024," the NDB said. The NDB granted a $300 million loan to th

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