January 24, 2022 |
The Asian Infrastructure Investment Bank (AIIB) has extended a $100 million credit line to Minas Gerais state development bank BDMG, the first loan by the Beijing-based multilateral lender in Brazil, it said in a release on Friday.
"AIIB will provide long-term capital to BDMG so the latter can finance projects in renewables and the infrastructure sector," AIIB said.
The credit line will be disbursed in three installments through 2024 as part of the Asia Connection program, "which aims to attract
Beijing-based multilateral lender grants its first loan in Brazil to the Minas Gerais development bank