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:

You May Also Like

Amnesty Condemns Gang Attacks in Brazil and Urges Against Police Retaliation

Amnesty International today condemned killings and attacks led by members of the criminal gang ...

Jobs in Brazil’s Civil Construction Grow 400%

Civil construction was the sector of the Brazilian economy that recorded the highest increase ...

India rocket on launching pad

Left Behind, Brazil Talks Space Cooperation with India

Cooperation between Brazil and India in the space area was the theme of a ...

So Near, Yet So Far

José Serra virtually destroyed Ciro Gomes on television. If he unleashes this force against ...

40% of Young Brazilians Don’t Know How AIDS Is Transmitted

600 thousand of Latin America’s total of 1.8 million HIV carriers live in Brazil, ...

Brazil Goes to Russia and Middle East in Search of Fertilizers

Brazil's Minister of Agriculture, Livestock and Supply, Reinhold Stephanes, is planning an international delegation ...

Brazil Gets Argentina’s OK to Resume Pork Export. Chile and Russia Might Follow.

Argentina has just announced that it would resume importing boneless pork and other pork ...

Inflation Keeps Going Down in Brazil

The inflation in the southeastern Brazilian city of São Paulo,  kept its downward trend  ...

Brazil Embraer’s Sales Double

Brazil’s aircraft manufacturer Embraer net sales increased by 113.5% during the third quarter this ...

Jungle’s herbal laboratory

It’s time Brazilian publishers prepare careful translations of books such as Tales of a ...