BNDES to invest R$ 1.8 trillion between 2013 and 2016

Comments Off | 01-24-2013

The Brazilian Social and Economic Development Bank (BNDES) is to invest R$ 1.858 trillion between 2013 and 2016. Last year, total investments amounted to approximately R$ 156 billion, up 12% compared to 2011, and a total of R$ 2.394 trillion was invested between 2008 and 2012. The figures were released today (January 22) by the president of the bank, Luciano Coutinho, at the head office in downtown Rio de Janeiro.

The figures do not include the housing sector. “In this area, we believe that investment is a little stronger than the current situation. We’re seeing an improvement and we’re on track to accelerate growth,” said Coutinho, who guaranteed that the record level of consultations and approvals of new projects shows a willingness to invest, with increases of 60% and 58%, respectively, compared to 2011.

Among the sectors informed by BNDES, the industry sector received the highest investment in 2012, totaling R$ 847 billion, and will see the most benefit in the next three years. R$ 359 billion was invested in infrastructure last year, with a further R$ 498 billion expected to be invested between now and 2016. The service sector saw investments of R$ 159 billion from the bank in 2012 and future investments are expected in the order of R$ 219 billion. The remaining sectors together received R$ 1,858 billion and should receive a little over R$ 1 billion in the next three years.

The volume of funds released to micro, small and medium enterprises was the largest in the bank’s history, totaling R$ 50.1 billion.

Source:
Agência Brasil

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