Norway fulfills its commitment to contribute one billion USD to the Brazilian Amazon Fund
Norwegian Minister of Climate and Environment Tine Sundtoft announced in Rio de Janeiro today that Norway will, before the global climate change summit in Paris in December, have fulfilled its 2008-commitment to contribute one billion USD to the Brazilian Amazon Fund in recognition of Brazil’s outstanding results in reducing Amazon deforestation over the last decade.
BNDES and NDB BRICS sign memorandum to improve cooperation
The Brazilian Development Bank (BNDES) and the New Development Bank of the BRICS signed a memorandum of understanding aimed at strengthening cooperation between the Brazilian bank and the financial institution which comprises Brazil, Russia, India, China and South Africa.
BNDES disburses R$ 68.7 billion in the first half of 2015
The Brazilian Development Bank (BNDES) disbursed R$ 68.7 billion in the first half of this year. Of that total, the infrastructure sector received R$ 26 billion with a participation of 37.8%, and the electric energy segment was the main beneficiary (R$ 10.5 billion released).
BNDES obtains 265 million euros from the German bank KfW to finance public transport services
The Brazilian Development Bank (BNDES) entered into a financing agreement with KfW, its German counterpart, in the amount of 265 million euros (approximately R$ 1 billion). The loan was signed within the scope of the Sustainable Urban Development Program, whose purpose is to support innovative and climate-friendly projects. Resources will be earmarked for efficiency and sustainable public transport systems in Brazil’s metropolitan areas to be run by local companies.
BNDES expands access to working capital for companies of all sizes
The Brazilian Development Bank (BNDES) expanded access to its working capital financing program. From now on, companies of all sizes and sectors may request resources from the BNDES Support Program to Strengthen the Capacity to Generate Job and Income (BNDES Progeren) with no restrictions whatsoever.