Brazil’s Development Banks to Lend US$ 22 bi, 50% More than in 2004

    The Brazilian Development Bank (BNDES) made loans of approximately US$ 2.27 (in current figures) in the first two months of this year. This value, according to information supplied today by the bank, was 20% greater than that registered in the same period last year.

    According to the bank, there was growth mainly in credits to the industrial and infrastructure sectors.


    In the case of industry, investments totalled US$ 1.11 billion in January and February, or 19% more than in the first two months of 2004.


    The highlight, according to the BNDES, was the transport material sector (vehicles, ships, railway equipment and aircraft).


    The infrastructure sector, in turn, received US$ 731.3 million, a growth of 80% when compared to the first two months last year.


    Export financing, in turn, totalled US$ 794 million, or 8% more than in January and February 2004.


    This year the bank intends to loan out an estimated US$ 22 billion, 50% more than last year.


    Anba

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