BNDES’ disbursements remain stable until October
The Brazilian Development Bank (BNDES) ended October with a stable volume of disbursements reaching R$ 146.5 billion in the first 10 months of the year. This means that the Bank should end 2014 with disbursements at a level similar to that recorded last year, when the Bank released R$ 190.4 billion.
BNDES study forecasts investments of R$ 4.1 tri in 2015-2018
December 3, the Brazilian Development Bank (BNDES) released two publications estimating investments forecast in the Brazilian economy for the 2015-2018 period, the ninth consecutive edition of the report Perspectives on Investment and the series of studies entitled Sectorial Overviews.
Regarding a notice published by Moody's Investors Service on October 29, 2014 to the effect that Banco Nacional de Desenvolvimento Econômico e Social – BNDES intended to issue notes denominated in Renminbi (CNY), BNDES points out that Moody's published a further notice on October 30, 2014 retracting the original ratings notice and acknowledging that it had been published in error, since no such issuance by BNDES has been or will be carried out in the near term. BNDES monitors the international market constantly in order to identify possible fundraising opportunities for its investment budget directed to the support of projects and programs that promote economic and social development.