US$1.5 billion infrastructure fund launched by IDB and BNDES

Brazil’s development bank BNDES and the Inter-American Development Bank (IDB) have jointly launched an infrastructure fund, called B2 Infra, with a target size of US$1.5 billion. 30% of the capital will be provided by BNDES, 10% by the IDB and the rest by the private sector, mainly institutional investors.