The EIB will provide EUR 100m to Banco de Desenvolvimento de Minas Gerais (BDMG) to support climate action projects in this Brazilian state. Private companies and also municipalities will be able to benefit from the advantageous financing conditions of the EU bank, both in terms of long tenors and interest rates, to implement projects promoting renewable energy generation and energy efficiency technologies. The agreement was signed today by the Bank´s Vice-President Emma Navarro and BDMG´s President Sergio Gusmão Suchodolski at the EIB´s headquarters in Luxembourg.

Subscribe to The Financial Analyst to get original opinion and all the latest news on trending financial topics and breaking stories related to analysis and global markets. If you have a tip or a financial opinion to share get in touch to submit your story.


Please enter your comment!
Please enter your name here