The Northeast Financing Constitutional Fund (FNE), operated by Banco do Nordeste, will have R$ 24,1 billion in investments for the 2021 financial year.

For the president of Banco do Nordeste, Romildo Rolim, “BNB’s commitment is to apply all FNE investments, contributing to the emergence of new ventures in the Region and for existing ones to leverage their businesses, maintaining the income and jobs of the population ”.

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Research, development and innovation for the Northeast region

During the meeting, in addition to the value defined by the FNE, the investment criteria for resources from the Northeast Development Fund (FDNE) were also approved, aimed at funding research, development and innovation (RD&I) activities and technologies of interest to the regional development. This segment will have amounts corresponding to 1,5% of the return on FDNE financial operations.

The purpose of the FDNE is to secure resources for investments in Sudene's area of ​​operation and will have R$ 824,7 million in 2021. For projects in this sector, resources of around R$ 5,3 million are foreseen.

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

multipurpose complexes

As of 2021, the FNE will invest in developments in the Northeast region characterized as “multipurpose complexes”, as long as they are non-residential and linked to projects of public interest, such as the revitalization or requalification of historic areas and buildings.

The Condel meeting, chaired by the Minister of Regional Development, Rogério Marinho, was attended by the president of the Banco do Nordeste, Romildo Rolim, the superintendent of Sudene, Evaldo Cruz, governors and deputy governors of the states of the Northeast.

Money that will no longer circulate in the market, from promoting the generation of new businesses to feeding the government's coffers and paying interest. The FNE is BNB's main source of revenue, and currently corresponds to 55% of the entire amount of resources - estimated at R$ 27 billion -, which the institution has for investment in 2015.