Last Updated August 23, 2011
Brazil’s development bank BNDES has agreed a US$3bn memorandum of understanding (MOU) with JBIC to expand financial cooperation between the countries.
Under the terms of the contract, funding will be invested in infrastructure projects that lie mainly in the transport sector, BNDES says.
The MOU was signed by BNDES president, Luciano Coutinho on July 21, 2011 in Tokyo.
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