BDMG Infrastructure and Sustainable Development Financing Project
Brazil
Proposed
Multiple Areas
Quick Facts
More About This Project
BDMG is a regional development bank controlled by the Government of the State of Minas Gerais in Brazil. BDMG provides loans to public and private sector clients to finance infrastructure projects, contributes to local economic improvements and makes investments dedicated to water and wasterwater, transport and renewable energy.
The Project will allow BDMG to diversify its sources of long-term financing and expand its portfolio of infrastructure projects. The NDB loan is expected to (1) support investment in sustainable infrastructure in small municipalities with economic development indicators below average for the country, (2) support reduction of greenhouse gas emissions, and (3) contribute to the achievement of the goals set by the State of Minas Gerais in clean energy, urban development, and social infrastructure sectors.
The NDB loan will be on-lent by BDMG to sub-borrowers, both private and public, to finance infrastructure and sustainable development projects in the State of Minas Gerais focusing on: (a) clean energy; (b) urban development for inclusive and sustainable cities; (c) associated infrastructure to promote low-carbon agriculture; and (d) social infrastructure.