BNDES releases program to support innovation in micro, small and medium-sized enterprises
The Brazilian Development Bank (BNDES) has created a program to stimulate investments in innovation and increase the competitiveness of smaller companies. With a total budget of R$ 500 million, the BNDES Support Program for Innovative Micro, Small and Medium-sized Enterprises (BNDES MPME Inovadora) is already in operation, and its expiry date ends on December 31, 2015.
BNDES obtains US$ 500 million from the Tokyo Mitsubishi Bank
The Brazilian Development Bank (BNDES) took out a US$ 500 million loan from the Japanese Tokyo-Mitsubishi Bank UFJ (BTMU). The contract was signed on March 28 at the BNDES’ São Paulo office, featuring the BNDES’ president, Luciano Coutinho, and the chief-executive of BTMU in Latin America and chairman of the organization in Brazil, Toshifumi Murata.
BNDES raises US$ 300 million through Japanese financial institutions
On March 27, the Brazilian Development Bank (BNDES), during the Annual IBD Meeting, held in Costa do Sauípe (BA), signed a financing contract valued at US$ 300 million with the Japan Bank for International Cooperation (JBIC) and the Mizuho Bank, Ltd. The signing ceremony featured the presence of the president of the BNDES, Luciano Coutinho, and the president of JBIC, Hiroshi Watanabe.
BNDES disbursements total R$ 28.5 billion in the first bimester
The Brazilian Development Bank (BNDES) disbursed R$ 28.5 billion in the first two months of 2014, up 35% compared to the same period in the previous year. The result was boosted by the infrastructure sector, with R$ 9.8 billion in releases, some 82% more than in January-February 2013.