The BNDES has approved financial support for Recepta Biopharma S.A. in the amount of R$ 28.9 million. The company employs biotechnology to produce pharmaceutical products used in treating cancer, a high-tech sector with the potential to generate benefits for society as a whole. BNDESPAR, the BNDES’ corporate shareholding arm, will subscribe the company’s shares, holding a part of its capital.

The total number of consultations for funding from the BNDES reached R$ 92.5 billion between January and May, 2012 , an increase of 27% over the same period in 2011. Growth in consultations covers all economic sectors: agriculture, industry, infrastructure as well as trade and services.

The Brazilian Development Bank (BNDES), through its BNDES ProCopa Arenas program, approved financing in the amount of R$ 400 million for the construction of the São Paulo Arena, in Itaquera, which will receive some 2014 World Cup matches, including the opening match of the tournament.

The board of directors of the Brazilian Development Bank (BNDES) approved financing of R$ 342 million for Volkswagen Brazil. The funds will be earmarked to the development of a subcompact car, a midsize sedan and face lift of other models produced by the automaker in the country