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BDMG Infrastructure and Sustainable Development Financing Project

Brazil Brazil
Area Of Operation
Multiple Areas Multiple Areas

Quick Facts

Concept Approval Date
16 March 2023
Total Project Cost
USD 250 million
Proposed Limit of NDB Financing
USD 200 million
Banco de Desenvolvimento de Minas Gerais S.A (BDMG)

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.