Banks raised the bar last quarter amid unfavorable changes in the economic backdrop, a central bank survey on credit conditions found.
The fund will be active for 10 years and is part of the development bank's equity arm BNDESPar.
According to the bank, no change in Magnesita's corporate control or management structure is involved.
Citi Brasil's head of infrastructure talks about the challenges this newly created department encounters while overseeing massive projects.
The US-China trade war means regional financial systems will have to speed up integration to ward off the effects on global trade, multilateral lenders are warning.
The chief of staff ministry told BNamericas that the personal data protection bill was sent on Tuesday for President Temer's signature, who now has 15 days to decide on how to proceed.