BNDES Announces Investments of $750 Million to Boost the Agricultural Sector

Written by Bruno Teles

Published on 27/06/2023 at 22:10

Foto: BNDES

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With the aim of boosting the sector, the BNDES seeks international partnerships and sovereign funds, increasing the supply of resources for investments in the country.

The BNDES has been seeking to expand its partnerships with international development institutions, such as JICA, KFW, IDB, and other BRICS banks. These partnerships enable access to international financing that does not pressure the National Treasury or the primary surplus, thus contributing to the development of Brazilian agriculture.

Agriculture is one of the main driving forces of the economy, responsible for an export revenue of approximately US$ 160 billion. As many agricultural businesses have receivables in dollars, the BNDES offers credit lines indexed to the dollar, providing exchange rate protection and encouraging the growth of the sector.

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The BNDES Returns as a Partner for Growth

According to José Luís Gordon, director of productive development and foreign trade at BNDES, the institution is regaining its position as a partner of the business and industrial sectors. After a period of reduced activity, the BNDES is again supporting Brazilian companies, stimulating their growth and helping them to conquer new markets.

A concrete example of this new phase is the approval of financing for the export of 11 commercial E-175 jets from Embraer to the American airline Alaska. With an investment value of approximately R$ 1.3 billion, this deal is conducted through BNDES Exim Post-embarkation, with disbursement in reais in Brazil, strengthening Embraer and boosting the Brazilian aerospace sector.

With the commitment to act as a partner to Brazilian companies, BNDES aims to reach US$ 1.4 billion in investments by the end of the year. The goal is to boost the economy, generating jobs, foreign exchange, and income for the country, while also seeking to expand its operations through international partnerships and sovereign funds.

BNDES Announces Investments of $750 Million to Boost the Agricultural Sector

The BNDES Returns as a Partner for Growth

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BNDES Announces Investments of $750 Million to Boost the Agricultural Sector

The President of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante, revealed in a press conference that the institution is ready to make more than US$ 720 million available in loans for agriculture.

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