Northeast Will Receive Over R$ 24.1 Billion in Investments Through FNE

Written by Valdemar Medeiros

Published on 14/12/2020 at 11:00

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The Constitutional Fund for Financing the Northeast (FNE), operated by the Bank of the Northeast, will have R$ 24.1 billion in investments for the 2021 fiscal year.

According to the president of the Bank of the Northeast, Romildo Rolim, “the commitment of BNB is to apply all the investments of FNE, contributing to the emergence of new businesses in the Region and to help existing ones leverage their operations, maintaining the income and jobs of the population.”

Research, Development and Innovation for the Northeast Region

During the meeting, in addition to the defined amount by FNE, the investment criteria for the resources of the Northeast Development Fund (FDNE) aimed at funding research, development and innovation (PD&I) activities, and technologies of interest for regional development were also approved. This segment will have amounts corresponding to 1.5% of the return from the financial operations of FDNE.

The FDNE aims to ensure resources for investments in the area of Sudene’s activity and will have R$ 824.7 million available in 2021. For projects in this sector, resources of around R$ 5.3 million are planned.

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“Sudene has been prioritizing this segment, as innovation is the guiding axis of the Regional Development Policy for the Northeast (PRDNE) and the application of the Fund’s resources must be aligned with the Plan,” highlighted Sudene’s superintendent, Evaldo Cruz.

Multipurpose Complexes

Starting in 2021, the FNE will invest in enterprises in the Northeast region characterized as “multipurpose complexes,” provided that they are non-residential and linked to public interest projects, such as the revitalization or requalification of areas and historical buildings.

The Condel meeting, chaired by the Minister of Regional Development, Rogério Marinho, included the president of the Bank of the Northeast, Romildo Rolim, the superintendent of Sudene, Evaldo Cruz, governors and vice governors of the states in the Northeast.

Money that will no longer circulate in the market, promoting the generation of new businesses to feed government coffers and pay interest. The FNE is the main source of revenue for BNB, currently accounting for 55% of the total amount of resources – estimated at R$ 27 billion – that the institution has available for application in 2015.

Northeast Will Receive Over R$ 24.1 Billion in Investments Through FNE

The Constitutional Fund for Financing the Northeast (FNE), operated by the Bank of the Northeast, will have R$ 24.1 billion in investments for the 2021 fiscal year.

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Multipurpose Complexes

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Northeast Will Receive Over R$ 24.1 Billion in Investments Through FNE

The Constitutional Fund for Financing the Northeast (FNE), operated by the Bank of the Northeast, will have R$ 24.1 billion in investments for the 2021 fiscal year.

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Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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