Northeast Bank to Invest 2.7 Billion in Maranhão to Create Jobs and Income in 2022

Banco do Nordeste Announced, This Wednesday (29), the Availability of R$ 2.7 Billion in Investments for Maranhão through the FNE in 2022  

Last Wednesday (29), Banco do Nordeste held a broadcast on its official YouTube channel where it presented the proposal during a meeting of the FNE 2022 program. Maranhão will be the stage for new investments that encompass various areas, generating jobs and income for the population of São Luís.  

Read Also  

• Petrobras Starts Procedure for Appointing the New President of the State-Owned Company
• Brazil Expects to Become the Fourth Largest Oil Producer in the World in the Next 9 Years; Petrobras Expects More Market Competition to Achieve the Goal
• Macaé Has Infrastructure Work for the Port Terminal Approved by the Chamber
• Recruitment and Selection Offshore and Onshore for Macaé and Rio de Janeiro, Today, November 24
• Oil Still Reigns, But Renewables Are Pressuring and Gaining More Ground in the Global Market

Over R$ 26 Billion in Investments  

The investment in Maranhão represents only 10% of the total amount to be applied in the Northeast region. Banco do Nordeste reported that it intends to invest R$ 26.6 billion for the year 2022, across its entire area of operation, benefiting a total of 1,990 municipalities, fostering the generation of new job opportunities and accumulating income for the covered municipalities.  

Check Out the Sectors That Will Receive New Investments in Maranhão:

• R$ 45 million for tourism;
• R$ 10 million for agribusiness;
• R$ 16.9 million for individuals;
• R$ 708.7 million for commerce and services;
• R$ 700 million for livestock;
• R$ 450 million for agriculture;
• R$ 80 million for industry.

One of the highlights of the planned program for next year is the allocation of R$ 7.43 billion for investments in sustainable energy projects in the Northeast, northern Minas Gerais and Espírito Santo, which support addressing the current water and energy crisis through the development of the Region’s potential for wind and solar energy generation.

Participatory Methodology of Banco do Nordeste  

The construction of the annual FNE program is guided by a participatory methodology, developed under the coordination of Banco do Nordeste and in dialogue with the Ministry of Regional Development (MDR), Sudene, representatives of state and municipal governments, and representatives of the productive sector, focusing on job and income generation.  

Meetings to prepare the FNE 2022 Program have been underway since June, with in-person and online meetings to incorporate contributions from various stakeholders from all states that are part of Sudene’s area of operation.

The distribution of projected values by state, economic sectors, and sizes of enterprises has already been reviewed by partners, and the drafted text will give rise to the Regional Application Plan, to be submitted to the MDR and Sudene by October 30.  

FNE resources constitute a source of financing for productive activities conducted in Sudene’s area of operation, through long-term investments, working capital, and operating costs. Students covered by the Student Financing Program (P-Fies) and individuals investing in mini and micro solar energy generation are also beneficiaries.

By legal guidance, the Fund’s resources primarily benefit small-sized enterprises located in areas considered priorities for the National Regional Development Policy (PNDR), such as the Northeast semi-arid region, in addition to following the application guidelines set forth in the Regional Development Plan for the Northeast (PRDNE).

Banco do Nordeste  

Banco do Nordeste do Brasil S.A. is a Brazilian bank, established as a mixed-economy company, with the Brazilian Federal Government as the largest shareholder, headquartered in Fortaleza, Ceará.