From the Newsroom
São Paulo – The Brazilian Development Bank (BNDES) has made available a total of US$ 1,9 billion for Brazilian company export financing in the first half of this year. The value, according to a spokesperson for the bank, was 57% greater than that made available in the same period in 2003.
The automotive sector received the largest volume of credit in the first six months of the year (US$ 451 million), with a 200% increase in comparison to the volume made available in the first half of 2003.
The money made available for foreign trade answered to one third of all funds made available by the bank from January to June, around US$ 5.3 billion. Always according to the institution spokesperson, the total offered in the period was 39% over the total in the first six months of last year (US$ 3.8 billion).
The main sectors contemplated were industry, which absorbed 47% of the funds (around US$ 2.5 billion), infrastructure, which received credits of around US$ 1.4 billion (27%), and agriculture, with loans of around US$ 1 billion (20%).
With regard to small and medium companies, investment totalled around US$ 1.8 billion, or 46% more than in the first half of last year.
