The Brazilian Development Bank (BNDES) approved R$ 62 billion in financing for Vale. Resources are earmarked for the company’s R$ 37.8 billion investment in the Carajás Complex (PA) and the North Logistics Training program. The project includes the construction of an iron ore mining and enhancement plant and a railroad connecting the cities of Canãa dos Carajás and Parauapebas (PA).

The Brazilian Development Bank (BNDES) has created a program to stimulate investments in innovation and increase the competitiveness of smaller companies. With a total budget of R$ 500 million, the BNDES Support Program for Innovative Micro, Small and Medium-sized Enterprises (BNDES MPME Inovadora) is already in operation, and its expiry date ends on December 31, 2015.

On March 27, the Brazilian Development Bank (BNDES), during the Annual IBD Meeting, held in Costa do Sauípe (BA), signed a financing contract valued at US$ 300 million with the Japan Bank for International Cooperation (JBIC) and the Mizuho Bank, Ltd. The signing ceremony featured the presence of the president of the BNDES, Luciano Coutinho, and the president of JBIC, Hiroshi Watanabe.