Brazil’s BNDES Loans Over US$ 8 Billion

Brazzil Magazine covers

The Brazilian Development Bank (BNDES) spent US$ 8.4 billion in loans in the first semester of the year. The value is 10% superior to what was registered in the first semester last year and represents a record for the period.

According to information disclosed Thursday, July 7, by the bank, the performance was influenced mainly by financings to exports, which increased by 31% and reached US$ 2.47 billion, and by the credits given to the industrial sector, which increased by 39% to US$ 4.35 billion.


Within the industrial sector, almost half of the total, or US$ 2.05 billion, went to the transport material segment (aircrafts, automotive vehicles, vessels and railroad equipment), which was also the area that influenced the most the increase in exports credits.


Anba

Tags:

You May Also Like

Brazzil Magazine covers

Brazil’s Inhumanity: Jean Charles Is a Hero, Victims of Brazilian Police Are Nobodies

Jean Charles de Menezes has been buried with all his fellow citizens and politicians’ ...

Brazzil Magazine covers

Brazil and Chile Agree: Education is Priority Number 1 in LatAm

Brazilian President Luiz Inácio Lula da Silva and his Chilean counterpart Michelle Bachelet called ...

Brazzil Magazine covers

Lula’s Brazil Is Indebted to the World for So Many Broken Hopes

Recently a young Turkish student at the University of California in Berkeley told me ...

Brazzil Magazine covers

In Brazil, Investigative Journalism May Mean Death Sentence for the Reporter

Brazil is booming.  Latin America’s largest and most populous nation recently surpassed the United ...

Brazzil Magazine covers

No-Win Game

No American has ever cried over millions of people who die every day in ...

Brazzil Magazine covers

Brazil Insists Talks with Iran Should Continue Without Dogmatism

Brazil remains willing to mediate talks between the International Atomic Energy Agency and Iran, ...