The Eco-Provision Tucked Into a Steel Loan
Saturday, June 7th, 2008In mid-May the Inter-American Development Bank (IDB) approved two loans worth US$200 million to the Brazilian steel firm Gerdau Açominas S.A. for “capital investment” at its Ouro Branco mill in Minas Gerais state (the mill is located about 100 kilometers southeast of Belo Horizonte). Loan A of US$50 million is from the Bank’s capital, Loan […]