BNDES and China Development Bank sign a 1.3 billion dollars agreement for infrastructure and green economy in Brazil

The Brazilian National Bank for Economic and Social Development (BNDES) and the China Development Bank (CDB) signed an agreement to finance short and long-term investments for up to 1.3 billion dollars.

The long-term financing line, with a total term of up to 10 years, will focus on financing projects in infrastructure, energy, manufacturing, agriculture, mining, sanitation, ESG agenda, climate change and green development, epidemic prevention, digital economy, high technology, municipal management and other segments in Brazil.

While the short-term financing line, of up to 3 years, will allow strengthening the BNDES investment budget, supporting operations that promote bilateral trade between China and Brazil, among other purposes.