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.

The Brazilian Development Bank (BNDES) ended October with a stable volume of disbursements reaching R$ 146.5 billion in the first 10 months of the year. This means that the Bank should end 2014 with disbursements at a level similar to that recorded last year, when the Bank released R$ 190.4 billion.

The Brazilian Development Bank (BNDES) received a US$ 206 million loan from the French Development Agency (AFD). The contract was signed on October 21, in Paris, by the president of the BNDES, Mr. Luciano Coutinho, and the Chief Executive Officer of the AFD, Ms. Anne Paugam. The term is for 12 years, with a three-year grace period. This is the first operation between the two institutions.