The Brazilian Development Bank (BNDES) disbursed R$ 28.5 billion in the first two months of 2014, up 35% compared to the same period in the previous year. The result was boosted by the infrastructure sector, with R$ 9.8 billion in releases, some 82% more than in January-February 2013.

BNDESPAR, a company with stakes in the Brazilian Development Bank (BNDES), will invest up to R$ 300 million in the sugarcane technology center (Centro de Tecnologia Canavieira S.A. - CTC) by underwriting new shares to be issued by the company. The resources will make up funding to develop new projects for CTC’s business plan, a Brazilian company involved in research and development for technology in the sugarcane sector.

Three projects that received supported from the Amazon Fund in the state of Mato Grosso were the first to complete all stages of the support cycle: approval, award, disbursement, monitoring and rendering of accounts. Responsible for the Fund, the Brazilian Development Bank (BNDES) provided all information regarding these projects – totaling R$ 8.3 million — on the website www.fundoamazonia.gov.br.

The board of the Brazilian Development Bank (BNDES) has approved R$ 250.8 million in financing for Libbs Pharmaceutical. The resources are earmarked for the construction of a pharmaceuticals plant, focused on producing biotechnological medicines to treat cancer and autoimmune diseases. It is the most dynamic segment in the pharmaceutical industry.