The BNDES and India’s Eximbank sign a memorandum to strengthen cooperation
The Brazilian Development Bank (BNDES) and India’s Eximbank have signed a memorandum of understanding to strengthen their relations and pave the way to expanding initiatives for cooperations between the two institutions. The document was signed on Thursday, July 9, during a BRIC summit held in the city of Ufa, in Russia.
BNDES seals a partnership with the new Brics bank
On July 9, the BNDES and other developing banks from the Brics bloc signed an accord for cooperation between the member institutions and the New Development Bank. The document was signed during a Brics summit meeting, held in the city of Ufa, in Russia.
BNDES’ disbursements reached R$ 54.8 billion by May
Disbursements from the Brazilian Development Bank (BNDES) reached R$ 54.8 billion between January and May of this year, representing a 20% drop against the same period in 2014. The infrastructure sector, with R$ 20.4 billion, accounted for 37.2% of the total, followed by industry, with R$ 16.3 billion, some 30% of the total.
BNDES disbursements reach R$ 33.3 billion in the first quarter
The Brazilian Development Bank (BNDES) disbursed R$ 33.3 billion in the first quarter of this year, registering a drop of 24% against the same period in the previous year. Approvals in the amount of R$ 21 billion and consultations in the amount of R$ 25 billion also dropped, respectively, 46% and 47% against the first quarter in 2014.