The new BNDES president is expected to increase the focus on transparency at Brazil's biggest development bank.
President Juan Orlando Hernández said he would be sending congress a proposal to create a mechanism for debt consolidation and lowering interest rates on bank loans.
The fresh capital will be used to boost growth, product development and geographic expansion of iFood, especially in Latin America. iFood is the leading food order app in Latin America.
The telco said it plans to invest US$5bn by 2020-2021 to expand and improve its communications and connectivity infrastructure.
Though Mexico's president-elect said he would not support the proposal eliminating many bank fees, the legislation remains very much alive.
The first 10 months saw a double digit increase in local debt and equity transactions.