On May 29, the Brazilian Development Bank (BNDES) and Finep, supported by the Ministry of Agriculture, Cattle-Raising and Food Supply, released the Inova Agro call-to-bid, a federal government plan that will allocate R$ 1 billion for innovation in the cattle-raising and agriculture sector.

The disbursements from the Brazilian Development Bank (BNDES) reached R$ 156 billion in 2012, an increase of 12% compared with the previous year. Consultations rose 60%, and approvals of new projects grew 58% over 2011. These figures represent unprecedented levels in the history of the Bank and reflect the interest of Brazilian entrepreneurs in investing.

The board of directors at the Brazilian Development Bank (BNDES), within the scope of the Amazon Fund, has approved support in the amount of R$ 23 million to the Amazon Cooperation Treaty Organization (ACTO), intergovernmental organization formed by Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela.