To support its activities, the BNDES requires adequate financial resources. Due to the particularities of local credit in Brazil, concentrated in the short term, the institution has to seek alternative fundraising solutions to support long-term investment projects.

The BNDES has a steady source of financial resources – the Workers’ Assistance Fund (FAT). This source, a result of joining social integration funds, is earmarked to fund unemployment insurance and a bonus for its members. An installment is forwarded to the BNDES for investment in its economic and social development programs.

Since 2008, the BNDES has been raising funds through the National Treasury. On December 2009, credit to the order of R$ 100 billion was authorized and granted to the BNDES – the entire amount was subscribed. These resources were sufficient for the BNDES to comply with the demand for disbursements in 2010 and thus face the current challenges.

In addition, the BNDES also has the following sources of funding: return on financing operations; monetization of assets in its portfolio; corporate shareholding; foreign fundraising on the international capitals market, as well as multilateral entities such as the Inter-American Development Bank (IDB) and the World Bank; besides fundraising on the domestic market through its integral subsidiary, BNDESPar.

Below is the the participation of sources of funding at the end of 2009: