The National Bank for Economic and Social Development (BNDES) of Brazil and the Latin American Development Bank (CAF) are preparing to launch an infrastructure fund with a target size of BRL500 million (US$131.39 million) and a term of 15 years. 

The information was disclosed by BNDES President Dyogo Oliveira at the CAF Conference, held in Madrid, Spain, under the theme "Infrastructure for Latin American Integration." BNDES will contribute 30% of the fund's capital, and the rest will be captured in the market.