• Categories
  • Archives

Brazil’s BNDES Lends US$ 10 Billion in 7 Months, Less than Half of 2005 Budget

The Brazilian Development Bank (BNDES) loaned 24.5 billion reais (equivalent to US$ 10.3 billion in current values) between January and July this year.

According to information released Monday, August 15, by the bank, the value is 16% greater than that registered in the same period in 2004.


Having passed seven months since the beginning of the year, the bank still hasn’t carried out half of the budget forecasted for 2005, of R$ 60 billion reais (US$ 25.2 billion).


According to information from the bank, the sectors that influenced the performance the most up until now were the industry, that received 11.7 billion reais (US$ 4.9 billion), or 39% more than in the same period in 2004, and infrastructure, where loans reached 8.8 billion reais (US$ 3.7 billion), an increase in 19% in comparison to the first seven months last year.


Financings for exports added up to US$ 2.7 billion, or 34% more than in the same period last year.


The micro, small and medium-sized companies got 30% of the total loaned by the bank between January and July, or 7.2 billion reais (US$ 3 billion) an increase in 7% in relation to the same period in 2004.


Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

New Dams in Brazil Keep on Destroying Communities and Lives

Until the end of the 1990's, 4,500 rural families lived on the banks of ...

Farm Subsidies Perpetuate Underdevelopment, Says Brazil President

Brazilian President, Luiz Inácio Lula da Silva, standing before the United Nations General Assembly ...

Chinese, Africans and Brazilians Use Internet for Biotech Master’s

Tunisians, Moroccans and Brazilians are exchanging knowledge in biotechnology. The Federal University of Paraná ...

Brazil Deploys 9,000 Men from Armed Forces to Dissuade Foreign Threat

Brazil’s Armed Forces have started a major deployment along its borders with Uruguay, Argentina, ...

After 2 years, Brazil’s Lula Gets Brave and Faces the Press

For prince Hamlet, the fundamental dilemma was expressed through his “to be or not ...

After Another Production Record Brazil May Become Self Sufficient in Oil in 2005

Petrobras reached in May an average monthly production of 1 million 729 thousand barrels ...

Lula and Kirchner Patch Their Differences in Brazil

Presidents from Argentina, Brazil and Venezuela made a commitment to push forward with South ...

Fire & Fun

The French brought to Brazil the quadrilha, which is a theatrical dance that tells ...

Brazil’s Press Freedom Is Threatened from All Sides: Gangs, Army and Courts

In Latin America’s largest country, journalists, legislators, courts, street gangs, and political factions are ...