BNDES News BNDES News en en BNDES and Ceará state government sign financing contract to renovate Castelão stadium On December 13, the BNDES and the state government of Ceara signed a financing contract for R$ 351.5 million to renovate and refurbish the Governador Plácido Aderaldo Castelo Stadium, known as “Castelão”, where some matches of the 2014 World Cup will be held. Fri, 17 Dec 2010 13:14:30 GMT 2010-12-17T13:14:30Z BNDES expands instruments to stimulate long-term financing The BNDES is putting into practice a series of initiatives included in the efforts announced today by the federal government to foster the development of market mechanisms aimed at long-term financing in the country. Fri, 17 Dec 2010 12:53:00 GMT 2010-12-17T12:53:00Z BNDES and KFW sign a US$ 68 million agreement to finance PCHs in Brazil On December 10, the BNDES signed a loan agreement with German development bank (KfW) for US$ 68 million to finance projects for small hydroelectric plants (PCH) to be implemented in Brazil by private Brazilian companies. The total term of the agreement is 12 years, with a 3-year grace period. Thu, 16 Dec 2010 18:58:37 GMT 2010-12-16T18:58:37Z BNDES and IDB sign agreement offering US$ 6 billion to micro, small and medium-sized companies Operation is part of the 2nd Agreement for the Conditional Credit Line entered into by the two institutions, each of which will contribute US$ 3 bn Thu, 16 Dec 2010 18:39:14 GMT 2010-12-16T18:39:14Z BNDES approves two more projects for the Amazon Fund, totaling R$ 13 million The BNDES approved two financing projects within the scope of the Amazon Fund. Valued at R$ 8.4 million, one of them aims at creating the Amazon Museum (Musa), in the city of Manaus (AM), which will honor and conserve the region's natural resources and cultural heritage. The other, totaling R$ 4.6 million, has earmarked funds for the Muraki Institutional Support Foundation, linked to the State University of Amazonas (UEA), to foster the social mapping of 27 communities in the Amazon Biome and to strengthen a network of research involved in the project. Thu, 09 Dec 2010 20:06:09 GMT 2010-12-09T20:06:09Z Amazon Fund is highlight in Brazil´s participation at Cop-16 Brazil arrived at COP-16 with a much more advanced agenda than most of the nearly 190 countries participating in the UN’s conference on climate change in Cancun, Mexico. With the Amazon Fund, the country was already able to present a pioneering initiative that contributes to the implementation of mechanisms for Reducing the Emissions due to Deforestation and Degradation (REDD) in full operation. Wed, 08 Dec 2010 20:10:08 GMT 2010-12-08T20:10:08Z BNDES and the Stock Exchange launch Efficient Carbon Index at COP 16 On Tuesday, December 7, the Brazilian Development Bank (the BNDES) and BM&FBOVESPA (a merger between the São Paulo Stock Exchange and the Securities & Exchange Commission) launched the Carbon Efficient Index (ICO2). Wed, 08 Dec 2010 18:20:17 GMT 2010-12-08T18:20:17Z BNDES and German Bank KFW signed of US$30.6 million contract for the Amazon Fund On Tuesday, December 7, the Brazilian Development Bank (BNDES) and the German Development Bank (KFW) signed a contract to donate 18 million Euros (equivalent to US$ 30.6 million) to fund projects of the Amazon Fund. Wed, 08 Dec 2010 18:01:40 GMT 2010-12-08T18:01:40Z BNDES approves R$ 33.9 million for project to turn waste into fuel The BNDES has approved R$ 33.9 million in financing for investments in the environmental sanitation area, to be performed by EstreAmbiental, a Brazilian company that operates in the solid waste management sector and the treatment of degraded areas. Fri, 03 Dec 2010 18:52:50 GMT 2010-12-03T18:52:50Z BNDES disbursements to industrial sector grow 57 % between August and October The BNDES’ disbursements to Industry have increased, ensuring a leading position in funds granted by the Bank. Releases to the industrial sector went from a 21% rise in the first seven months of 2010, compared to the same period in 2009, to a 57% increase between August and October this year. Wed, 17 Nov 2010 19:55:39 GMT 2010-11-17T19:55:39Z