The data was published by the President of the Development Bank, Aloizio Mercadante, who assessed the beginning of his term
president National Bank for Economic and Social Development (border) , Aloisio MercadanteOn Tuesday (11), he announced that the Development Bank loans grew by 21% in the first half of 2023, compared to the same period last year. Based on the historical BNDES series, in absolute terms, the bank disbursed R$50.5 billion in the first half of 2022. A 21% increase would increase financing to more than R$61 billion from January to June this year. According to Mercadante, BNDES cooperates with the Federal Government through studies and analyzes to boost the country’s economic activity and help create alternatives in the field of bioeconomy: “We have seen an increase in the portfolio of projects in BNDES, this semester, from 209%. There is great interest in investing in Brazil and it works BNDES works diligently to process this information and seek to build pathways to accelerate these investments.”
Although Brazil still holds one of the highest interest rates on the planet, Aloizio Mercadante said that macroeconomic conditions point to a possible start of the Selic interest rate cut cycle, which today stands at 13.75%. “BNDES has a very promising outlook for this second half. We’ve already funded more exports than in the whole of last year. The same thing will happen in infrastructure. Next month, we’re surpassing all infrastructure financing from last year in BNDES with this interest rate, which is the highest. Benefit BNDES has not yet received support for any financing line, ”Mercadante stressed.
* With information from Correspondent Rodrigo Vega
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