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 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

At a meeting held on June 19 at the headquarters of the BNDES, executives from development banks and funding agencies that comprise the International Development Finance Club (IDFC) issued a statement containing the club’s principles for fostering sustainable development.

In keeping with the federal government’s initiative to stimulate investment in the Brazilian economy, the BNDES has reduced interest rates and expanded the scope of its program to finance working capital. Changes were made in the BNDES’ Support Program to Strengthen Employment and Income Generation (BNDES Progeren) aimed at increasing production, employment and salaries.