Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, March 27th 2025 - 22:05 UTC

Tag: BNDES

  • Thursday, March 13th 2025 - 18:17 UTC

    Ireland donates to Brazil's Amazon Fund

    The Amazon Fund is managed by Brazil's BNDES

    Ireland has joined as the eighth donor to Brazil's Amazon Fund, contributing € 15 million, it was reported Thursday. The fund, managed by Brazil's National Bank for Economic and Social Development (BNDES), supports conservation, monitoring, and sustainable development in the Amazon and has financed 123 projects since 2009. In 2024 alone, R$ 200 million (US$ 34.4 million at the current exchange rate) was allocated, aiding efforts to reduce deforestation, which dropped over 45% compared to 2022. Environment Minister Marina Silva emphasized that Ireland's support recognizes Brazil's achievements in combating deforestation and climate change, while the fund continues to attract international partners committed to sustainability.

  • Wednesday, February 28th 2024 - 17:29 UTC

    Brazil promotes manufactured exports with BNDES incentives

    From this week, the reduced spread will be capped at R$150 million per operation, with an additional budget infusion of R$2 billion earmarked for this modality.

    Brazil's Development Bank, BNDES, with a larger annual turnover than the World Bank is propping the country's manufacturing exports with new incentives tailored to support companies engaged in global trade. Under the new conditions the bank is implementing a substantial reduction of up to 60% in the spread of operations within the BNDES Exim Pre-shipment line.

  • Wednesday, September 13th 2023 - 10:12 UTC

    Lula announces funding for Rio Grande do Sul relief

    “The federal government will not fail to meet the needs of the people of the region” of Rio Grande do Sul, Lula said

    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

    Brazil's Development Bank (BNDES) is financing R$1.3 billion for the export of eleven Embraer E-175 commercial jets to Alaska Airlines, US fifth largest airline

    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

    According to the Brazilian trade ministry, most of these operations were financed by the Brazilian Social and Economic Development Bank (BNDES)

    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

    Flying cars will be in high demand in the coming decades, BNDES believes

    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

    Despite being an agricultural global giant, Brazil is forced to import 85% of the fertilizers it consumes

    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 port of Santos is also the largest of South America, and crucial for Sao Paulo manufacturing structure.

    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

    CEO Montezano said this could save states hit by the pandemic up to 3.9 billion reais (US$ 790 million)

    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

    The bailout involving BNDES should be decided by the start of July, and Embraer could receive some US$400 million of that aid package

    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.

Previous