The European Investment Bank agreed on 22 October to provide €100m to Banco de Desenvolvimento de Minas Gerais, to support climate action projects in the Brazilian state Minas Gerais.

The funds will be used by private companies and municipalities, to implement projects promoting energy efficiency technologies, as climate change mitigation is the EIB’s main priority in Latin America.

“This operation is a perfect example of our priorities in Latin America: promoting sustainable and inclusive economic growth by boosting investments that help to reduce CO2 emissions”, said EIB Vice-President Emma Navarro, responsible for EIB operations in Latin America and for the Bank’s climate action

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