BNDES and other development banks in the BRICS sign cooperation agreements
The president of the Brazilian Development Bank (BNDES), Luciano Coutinho, signed two agreements that strengthen relations between the Brazilian bank and the development institutions in the BRICS. The documents pave the way for collaboration between countries in the bloc, with initiatives to foster a low-carbon economy and to develop infrastructure on the African continent.
BNDES reaffirms a partnership with South Africa’s IDC
The Brazilian Development Bank (BNDES) and the Industrial Development Corporation (IDC) signed a cooperation agreement to renew a partnership between the two institutions. The agreement prolongs the partnership formalized in 2009 and is being renewed due to the previously-achieved mutual benefits and the desire, expressed by both parts, to further existing ties.
BNDES’ disbursements grow 39% and accumulate R$ 21.1 billion in two months
Disbursements from the Brazilian Development Bank (BNDES) reached R$ 21.2 billion in the first two months of 2013, an increase of 39% if compared to the same period last year. The main highlights were the increase in releases for machinery and equipment and the large disbursement from the BNDES to micro, small and medium-sized companies.