Fonplata, BDMG partner to fund public works

Fonplata, BDMG partner to fund public works

Project & Infrastructure Finance Loans Debt Brazil Uruguay

Fonplata, a regional development bank for the Río de la Plata basin, said it signed an agreement with the Minas Gerais development bank BDMG to finance public works projects in cities in the Brazilian state. The agreement calls for Fonplata to extend an eight-year line of credit for $36 million to BDMG, according to a statement. Once approved, BDMG will allocate the resources to finance "works, goods and services that contribute to economic, social and environmentally sustainable development in

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