Andrews Kurth Represents IDB in Financing for Banco de Desenvolvimento de Minas Gerais

(Washington, DC)—On June 13, 2014, at a private signing ceremony in the city of Belo Horizonte, State of Minas Gerais, Brazil, president Luis Moreno of the Inter-American Development Bank (“IDB”) (as lender and administrator of the China Co-Financing Fund for Latin America and the Caribbean) closed on a US$150 million loan facility to Banco de Desenvolvimento de Minas Gerais (“BDMG”), the development bank of the State of Minas Gerais.

The proceeds of the loan are intended to support BDMG’s financing of municipal infrastructure and basic services projects and equipment in State of Minas Gerais.

The U.S. based firm of Andrews Kurth LLP and the Brazilian firm Dias Carneiro, Arystóbulo, Flores, Sanches e Thomaz Bastos Advogados advised IDB on the transaction.

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Siddharth "Sid" Sethy, Associate

Ignacio Hirigoyen, Associate

IDB In-house Counsel:

Jose Tadeo Martinez Campo

IDB Local Counsel:

Dias Carneiro, Arystóbulo, Flores, Sanches e Thomaz Bastos Advogados

Thiago Vallandro Flores, Partner
Gustavo Junqueira, Associate
Paola Oliveira, Associate
Elcio Silva Ribeiro Filho, Associate

BDMG In House Counsel:

Carolina Marinho do Vale Duartee

As released by the former Andrews Kurth Kenyon LLP