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IDB Invest funds vaccine factories in Brazil

IDB Invest funds vaccine factories in Brazil

December 22, 2022
IDB's private sector affiliate provides $101 mln for Fundação Butantan to build two new plants

Loans Debt International Financial Institutions Inter-American Development Bank (IDB) Healthcare Pharmaceuticals Brazil Biofuels

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said Wednesday that it provided BRL526 million ($101 million) in financing for Fundação Butantan to build two factories to produce vaccines. Fundação Butantan, already the largest producer of immunobiologicals for the SUS national health system in Brazil, could triple production of vaccines with the two new plants, including those against COVID-19 and influenza, IDB Invest said in a press release. IDB Invest a

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