Tag: BNDES

Wednesday, September 13th 2023 - 10:12 UTC
Lula announces funding for Rio Grande do Sul relief

President Luiz Inácio Lula da Silva announced Tuesday that Brazil's federal government would grant R$ 1 billion (around US$ 202 million) in loans through the National Bank for Economic and Social Development (BNDES) to help recover the economy of Rio Grande do Sul, Agencia Brasil reported.
Wednesday, June 21st 2023 - 04:35 UTC
Brazil sells 11 Embraer E-175 to Alaska Airlines and partially finances the operation

The Brazilian Development Bank (BNDES) has granted financing of R$1.3 billion for the export of eleven Embraer E-175 commercial jets to Alaska Airlines, the fifth largest airline in the USA. The funding will cover a portion of Alaska’s investment in the aircraft purchase. Disbursements will be made in Brazilian Reais in Brazil, directly to Embraer.
Wednesday, May 31st 2023 - 10:50 UTC
Venezuela has a pending debt of US$ 1,27 billion with Brazil, official data

It's official, at the end of May, the Venezuelan debt to the Brazilian government amounted to approximately US$ 1.27 billion because of the non-payment of Brazilian goods and services covered by the Export Credit Insurance, subsidized by the Export Guarantee Fund (FGE). The information was officially provided by the Ministry of Development, Industry, Trade, and Services (Mdic).
Saturday, December 24th 2022 - 10:21 UTC
Brazil to develop “VTOL” electric aircraft

Brazil's state-owned National Bank for Economic and Social Development (BNDES) has allocated R$ 490 million (about US$ 95 million) to Eve Soluções de Mobilidade Aérea Urbana Ltda., a subsidiary of aircraft manufacturer Embraer, for the development of electric units with Vertical Take Off and Landing (eVTOL) capabilities.
Saturday, October 29th 2022 - 09:41 UTC
Brazil will construct a fertilizer plant in the southern state of Paraná, close to Argentina and Paraguay

he Brazilian Social Development Bank (BNDES) will finance the construction of a fertilizer factory and accessory storage facilities in Paranaguá for an estimated US$ 15 million.
Monday, September 12th 2022 - 10:01 UTC
Hearing for the privatization of Brazil's major port again postponed

The public hearing for the privatization of Brazil's largest and most dynamic port terminal has been again postponed, for a third time, following on an announcement from the Brazilian National Social Development Bank (BNDES). The purpose of such an action, referred to the Port of Santos, is to give time to more recommendations from the private sector to improve tender conditions.
Wednesday, June 10th 2020 - 13:54 UTC
Brazilian government banks suspended payment of states and municipalities debts

Brazilian development bank BNDES has suspended the payment of interest and principal on debt owed by municipalities and states through the end of the year, Chief Executive Gustavo Montezano said, citing the coronavirus pandemic.
Monday, June 1st 2020 - 07:48 UTC
Brazil's plane manufacturer Embraer expects to obtain a US$ 600 million credit from government

Brazilian plane manufacturer Embraer SA, the world's third-largest commercial jet builder, should obtain US$600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
Friday, February 7th 2020 - 09:35 UTC
Brazil's development bank BNDES sells shares in Petrobras

Brazil's development bank BNDES sold US$5.2 billion in common shares it owned in state-controlled oil company Petrobras. The company priced the offering at 30 Reais per common share, a discount of 1.57% relative to Wednesday's closing price. BNDES sold 22 billion reais in shares.
Monday, June 17th 2019 - 09:00 UTC
Head of Brazil's powerful Development bank resigns following clash with Bolsonaro

The head of Brazilian state development bank BNDES has submitted a letter of resignation amid public tensions with president Jair Bolsonaro, reflecting the serious divisions that continue to plague the administration’s upper echelons.