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

Brazil: While Lula’s Revolution Fizzles, Chavez’s Star Rises.

Criticized by some for being little more than a debating society and a “one ...

While Sales of Domestic Cars in Brazil Fall by 2.8%, Imported Vehicles Jump 30%

The amount of domestically-made vehicles licensed in Brazil in 2011 dropped when compared to ...

Five Challenges to Visit Brazil Through the Eyes of Foreigners Living There

A survey conducted by InterNations, the largest network and information site for people working ...

Brazilian Dies While Being Held by US Immigration Agents

US-resident Brazilian Irene Araújo had a little problem earlier this week. She was worried ...

Diesel Oil Spill Threatens Brazil’s Swamps

More than 60 thousand liters of diesel oil leaked from the tank cars of ...

Foreign Investment Grows in Brazil But Decline Is Expected in 2009

The amount of foreign direct investment (FDI) entering Brazil remains high this year. According ...

Brazil Will Produce All the Oil it Needs by 2006

In a public hearing, yesterday, before the Senate Economic Affairs Commission, the president of ...

Brazil and South Korea Sign US$ 4 Billion in Deals

Brazilian and South Korean institutions and enterprises signed this Tuesday, May 24, in South ...

Brazilian Indians and Multinational Fighting for a Piece of Land

A public hearing on the situation of the lands of the Tupinikim and Guarani ...

Brazil Starts New Phase as Petroleum Power Producing Extra Heavy Oil

Petrobras, Brazil's government-controlled oil multinational, announced that its first oil rig designed to produce ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`