Rio de Janeiro – This Monday (13th), the chairman of the Brazilian Development Bank (BNDES in the Portuguese acronym), Luciano Coutinho, stated that the bank is likely to invest a total of 150 billion reals (US$ 74.4 billion at current exchange rates) in 2012.
The majority of that sum will be accounted for by an increase in disbursements in the second half, mostly due to the behaviour of investment in machinery and equipment.
This Monday, 1.5 billion reals (US$ 744 million) have been officially allocated to inducing growth in the oil, gas and naval industries, as part of Programa Inova Petro, which will receive funding from the BNDES and the Studies and Projects Funding Body (Finep).
*Translated by Gabriel Pomerancblum
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