Tag: BNDES

• Wednesday, April 4th 2012 - 01:37 UTC

  Brazil announces 35bn dollars stimulus measures to prop industry

  

  Brazil announced on Tuesday tax cuts and other stimulus measures worth about 65 billion Reais (35 billion dollars) to protect the country’s struggling industry from what she said were “predatory” trade practices by rich nations.

• Wednesday, January 18th 2012 - 05:16 UTC

  Brazil plans to further fund the Development bank anticipating credit crunch

  

  Brazil is considering injecting more funds to the National Development bank, BNDES for the fifth year running in anticipation of a possible shortage of long term credit in the economy, said Arno Augustin, Secretary of the Treasury.

• Wednesday, December 14th 2011 - 03:45 UTC

  Brazil’s development bank helping finance wind energy farms

  

  Brazil’s development bank, Banco Nacional de Desenvolvimento Economico e Social, BNDES, will provide 1.8 billion Reais (966 million dollars) to finance wind farms as the renewable energy source dominates government auctions for new power capacity.

• Friday, December 2nd 2011 - 05:36 UTC

  Unasur plans ten-year infrastructure and integration projects

  

  Infrastructure and integration investments totalling 13.7 billion dollars in the next ten years to 2022 were announced by the Unasur (Union of South American Nations) infrastructure chapter this week in Brasilia.

• Tuesday, November 1st 2011 - 05:45 UTC

  Development bank activity shows Brazilian economy slowing down

  

  Loan disbursements at Brazil's state development bank BNDES will miss their initial target for the year, reflecting a rapid economic slowdown in Latin America's largest economy, the lender's top executive said on Monday.

• Saturday, August 6th 2011 - 08:29 UTC

  Soft loans for Brazilian suppliers of the oil and gas industry

  

  Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.

• Wednesday, July 27th 2011 - 04:49 UTC

  Brazil’s development bank lends 30bn dollars at subsidized rate in five months

  

  Lending by Brazil’s BNDES (National economic and social development bank) totalled 43.5 billion Real (29bn dollars approx) in the first five months of the year, representing a contraction of 6% compared to the same period in 2010, according to a bank’ release.

• Wednesday, July 13th 2011 - 16:16 UTC

  Battle for majority control of Brazil’s retail industry falls through

  

  Brazilian retail tycoon Abilio Diniz has suspended plans to merge his supermarket chain Grupo Pao de Acucar with the local arm of France's Carrefour. The move comes after the Brazilian state development bank BNDES and a private fund backed out of supporting the deal.

• Thursday, July 7th 2011 - 07:04 UTC

  Debate on the vulnerabilities that could condition the Brazilian economy mid term

  

  The good performance of the Brazilian economy and its management of the 2008 world financial crisis have been headlines across the world, but there are also some warning signals form analysts regarding the possibility of asset bubbles and their consequences.

• Monday, July 4th 2011 - 05:12 UTC

  Brazilian government continues to subsidize loans to big corporations

  

  Brazil's state development bank, BNDES, is lending to companies at the lowest rate relative to the country's benchmark in two years, undercutting President Dilma Rousseff's efforts to curb inflation, revealed the Sao Paulo financial press.