Rio de Janeiro- The Brazilian Development Bank (BNDES) informed on Monday (31) that the organisation’s disbursements from January to September this year totalled 91.8 billion reals (US$ 54.3 billion). The result is 28% lower than disbursements in the same period last year, when 128 billion reals (US$ 75.7 billion) were made available through financing.
According to a report disclosed by the organisation’s president, Luciano Coutinho, in Rio de Janeiro, the bank "has calibrated some lines" and reduced its maximum share participation in some financing operations, to be in tandem with indices of the Brazilian economy.
Regarding the disbursements in the accumulated result for this year, up to September, the infrastructure sector, boosted by works for the Growth Acceleration Programme (PAC), received the largest volume of funds, 41%, equivalent to 38 billion reals (US$ 22.5 billion). The road transport sector received 19.7 billion reals (US$ 11.6 billion) and the electric energy sector, 9.7 billion reals (US$ 5.7 billion).
To micro, small and medium companies, the bank made available a record volume of funds 36.2 billion reals (US$ 21.4 billion) up to September. The index is 8% greater than in the same period in 2010.
The document points out that disbursements in the first nine months of 2010 were boosted by the Petrobras capital increase, of 24.7 billion reals (US$ 14.6 billion) in September, and by investment in the electric sector. Excluding the Petrobras operation, the reduction in disbursements is 11%.
*Translated by Mark Ament
