US$1.5 billion infrastructure fund launched by IDB and BNDES

US$1.5 billion infrastructure fund launched by IDB and BNDES

Brazil's development bank BNDES and the Inter-American Development Bank (IDB) have jointly launched an infrastructure fund, called B2 Infra, with a target size of US$1.5 billion30% of the capital will be provided by BNDES, 10% by the IDB and the rest by the private sector, mainly institutional investors.

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