Overview

• The vehicle will invest through debt and equity in Brazil across energy transition, infrastructure, mining, agriculture and artificial intelligence.
• BNDES and CEXIM have signed a term of commitment and a statement of intent to move the fund toward launch.
• O Globo cites a BNDES statement indicating contributions of $400 million from BNDES and $600 million from CEXIM.
• Nelson Barbosa earlier outlined a concept of roughly $1 billion from each institution, signaling that capital terms remain under discussion.
• BNDES is also negotiating with China’s SAFE on a separate fund for Latin American sovereign debt focused on Brazil, following recent cooperation that included a long-term energy-transition line and a renminbi deal of about $700 million.