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Brazil and China Launch $1B Investment Fund for Energy Transition
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Bloomberg.com
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Key takeaways
- Brazil's National Development Bank (BNDES) and the Export-Import Bank of China (CEXIM) have established a $1 billion investment fund targeting key sectors in Brazil
- The fund will prioritize projects related to energy transition, infrastructure, mining, agriculture, and artificial intelligence
- BNDES will contribute $400 million to the fund, while CEXIM will provide $600 million
Brazil's National Development Bank (BNDES) and the Export-Import Bank of China (CEXIM) have established a $1 billion investment fund targeting key sectors in Brazil. The fund will prioritize projects related to energy transition, infrastructure, mining, agriculture, and artificial intelligence.
BNDES will contribute $400 million to the fund, while CEXIM will provide $600 million. Scheduled to commence operations in 2026, the fund will invest in both debt and equity instruments.
Related Topics
fintechinvestment fundBrazilChinaenergy transition
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