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    Your email address will not be published.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

    With World’s Worst GDP Growth Brazil Sees 2006 Industry GDP Downgraded to 2%

    The Fiesp (São Paulo State Industry Federation)) and the Ciesp (São Paulo State Industries ...

    Venezuelan president Hugo Chavez

    Brazil Today Is Yesterday’s Venezuela

    Perhaps no other Latin American political leader has received as much attention from Brazilian ...

    Nem

    Brazil’s Number One Thug: Saint Nem, Neither Comedian Nor Martyr

    In a war operation that used 7 helicopters, 18 armored cars and about 3,000 ...

    Maksoud Plaza hotel in São Paulo, Brazil

    In Tourism Events Brazil Only Loses to the US in the Americas

    Brazil is the only Latin American country among the 10 nations in the world ...

    In Rural Brazil Many Watch World Cup for First Time Thanks to New Electricity

    Brazil’s rural electrification program Luz para Todos (Electricity for Everyone), has now reached 3.3 ...

    Petrobras prospecting for oil off the coast of Santos, São Paulo, Brazil

    Brazil Strikes Light Oil Off Sí£o Paulo Coast

    It's been one week now that Brazil's government owned oil corporation Petrobras announced the ...

    Doctors Without Borders Calls Brazil’s Bluff on AIDS Patent

    International medical aid agency Médecins Sans Frontières (Doctors Without Borders, MSF) criticized the Brazilian ...

    Marfrig

    Brazilian Company Becomes McDonald’s Main Supplier for Hamburger and Chicken

    Brazilian company Marfrig Alimentos SA, Latin America’s second-largest beef producer, agreed to buy meat ...

    Paulo Vanucchi

    After the Military Brass, Lula’s Minister Threatens to Resign over Human Rights

    Brazil’s Human Rights Minister, Paulo Vanucchi, threatened to resign if the Brazilian military are ...

    Promises of Low Interest Rates in the US Give Boost to Brazilian Stocks

    Brazilian stocks rallied, with that country’s shares getting a boost from investor relief that ...