Unibanco - Infrastructure Credit Facility

cancelled

The project consists of an infrastructure finance facility (the "Facility" or the "ICF"), comprising an A Loan of up to US$50 million and a B Loan of approximately US$100 million to be syndicated in multiple tranches, to be extended to Unibanco - União de Bancos Brasileiros, S.A. Proceeds of the Facility will be used to provide medium and long term financing to domestic infrastructure projects carried out by Brazilian companies including Brazilian subsidiaries of companies incorporated in IDB member countries.The Facility is part of a broader initiative from the Bank to address the significant reduction in flows of private direct investment and lending to infrastructure projects in Brazil, thus supporting the government's efforts to improve the country's coverage of its public utilities services as outlined in the Country's 2004-2007 Multiyear Investment Plan.