Brazil’s Development Bank Lends US$ 14.8 Billion

    The Brazilian Development Bank (BNDES) spent US$ 14.8 billion in loans last year. According to a statement released January 13 by the bank, there was an increase of 14% in relation to 2003, when spendings added up to US$ 13 billion.

    According to the BNDES, the most significant increases were registered in resource liberation for the agribusiness and cattle breeding and infrastructure sectors.


    For agribusiness and cattle breeding, credits increased 51% and reached US$ 2.6 billion. Infrastructure projects received US$ 5.6 billion, or 52% more than in 2003.


    Financings for exports reached US$ 3.8 billion, or 10.3 billion reais on current exchange values. The result, however, was 4% inferior to the value registered in 2003.


    According to the BNDES, 32% of the financings went to micro, small and medium sized companies, adding up to a total of US$ 4.6 billion, which represents an increase of 25% over 2003.


    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    Your email address will not be published.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

    Opposition Plans to Impeach Lula Do Not Disturb Brazil Stocks

    Latin American stocks extended Wednesday’s (March 29) gains, with Brazilian shares getting a boost ...

    Indianapolis autodrome

    In Indy 500, Brazilians Bring Respect for the Past While Making History

    Brazilians have always expressed a deep appreciation for the long (now 100 year) history ...

    Paranaguá port in Brazil

    Brazil Is Counting on US$ 20 Billion in Private Capital to Modernize Ports

    The Brazilian government hopes the projects it is developing for improvement of Brazil’s main ...

    The Foley Scandal’s Brazilian Skinny Dipping Connection

    The sexual advances against under-age pages in the American Congress that brought down Mark ...

    Brazil Steps Up Campaign to Make Sayad IADB’s Chief

    The Brazilian government persists in its campaign to get the economist, João Sayad, elected ...

    No Indian Candidate, Among 24, Won in Brazil’s October 1st Election

    In the elections held on October 1st, in Brazil, five indigenous people ran for ...

    Brazil Wants to Punish China, But Still Does Not Know How or When

    The Brazilian government hasn’t yet decided a date for applying protection measures against Chinese ...

    Transgenic Terminator Condemned in Brazil by Pro Organic Activists

    A development in the field of transgenic seeds, the "Terminator" technology, is expected to ...

    China's Sinopec

    All Signed for Brazil to Start Getting US$ 10 Billion Chinese Loan

    Petrobras, the Brazilian state-controlled oil and gas multinational, informed that it has signed a ...

    Brazilian Women Get New Lease in Life Planting Flowers

    The life of 21 impoverished women from the interior of the northeastern Brazilian state ...