Brazilian aircraft maker will get a BNDES loan to produce planes for export, expecting higher commercial jet deliveries this year.
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The Managing Committee of the National Fund on Climate Change has approved the 2025 resource allocation plan. Part of the amount will be used for actions by the Ministry of the Environment and Climate Change, and part will be made available as BNDES credit for sustainable projects.
During the FII Priority, Aloizio Mercadante, President of the Brazilian state development bank BNDES, highlighted Brazil’s green and energy potential, in a bid to attract investments from the Gulf.
Brazilian state bank has approved a USD 413 million credit line to finance the firm’s aircraft production and exports.
Brazil’s bank provided a USD 7 million credit to the company Cipalam requiring a commitment to run inventory of greenhouse gas emissions.
Montezano talked in a webinar hosted by the ABCC in partnership with Brazilian development bank BNDES. The event brought together Arab businesspeople and officials.
Brazil’s BNDES will let go of its stake in the oil company as part of a divestments program designed to reallocate resources to more socially impactful projects.
The bank saw USD 646 million in net profit in Q3, up 70% from Q3 2018. Year-to-date through September, net profit climbed 159% to USD 3.95 billion.
Corporations run by federal government ran USD 6.5 billion in profit in Q1. BNDES saw the strongest numbers.
Loans made by Brazil’s state-run BNDES amounted to USD 25 billion in H1. Consultations and approvals declined even more.
