The Brazilian Development Bank (BNDES) has surpassed the milestone of R$ 1 billion in operations approved to receive resources from the Amazon Fund. The milestone was reached on December 2014 and corresponds to a sum approved since 2009, when the Fund first started its activities.

The Brazilian Development Bank (BNDES) ended 2014 with R$ 6.6 billion in investment approvals for new wind power projects, equivalent to 2,585.8 MW of installed power, thus helping place Brazil among the five largest global investors in both wind power and renewable power in general.

The Brazilian Development Bank (BNDES) disbursed R$ 162.3 billion in the first 11 months of 2014, reflecting stability compared to the performance in the same period last year. The result up to November also shows a release value similar to the R$ 190 billion in 2013.

The Brazilian Development Bank (BNDES) carried out a comprehensive revision of its operational policies. The Bank’s aim is to offer the best conditions concerning rates, terms and level of participation for priority sectors. At the same time, the BNDES is enhancing the use of market indexers in its financing and providing more room for other sources so they can also work with long-term financing.