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Brazil’s BNDES to Disburse US$19.4 Billion for Infrastructure

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s Social and Economic Development Bank, BNDES, announced this week it would allocate approximately R$60 billion (around US$19.4 billion) from a total of R$170 billion (approximately US$55 billion) of disbursements planned for 2015 towards the infrastructure sector. The volume of disbursements for the sector, forty percent of the total made by the Bank, is similar to that seen in 2014, despite the overall deterioration of Brazil’s economic scenario this year.

Furthermore, BNDES also hopes to encourage the increased participation of the private capital . . .

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