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Brazil is Negotiating US$500 Million Loan with BRICS New Development Bank

05RIO DE JANEIRO, BRAZIL - Environment Minister Ricardo Salles is negotiating a US$500 million (R$2 billion) loan with the New Development Bank (NDB) to be transferred to the country's municipal governments for sanitation, waste treatment, and renewable energy. The investment should happen early next year.

"The task now is to study the best way how to implement the funds immediately, whether it will be a transfer to municipal associations, individual municipalities or to build waste disposal structures made by the federal government in partnership with the municipalities," the minister explained.

Salles attended a meeting this week in S . . .

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