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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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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Research, Development and Innovation for the Northeast Region

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.

Read Also

Research, Development and Innovation for the Northeast Region

Multipurpose Complexes

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

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