Brazil: EIB provides EUR 100m to boost climate action investments in Minas Gerais
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.
