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21/03/2017 - 16:48hs

BNDES’ disbursements have dropped

Loans made by the Brazilian Development Bank (BNDES) totaled BRL 10 billion (USD 3.23 billion) in January and February, a decline of 16% over the same months of 2016.

Rio de Janeiro – Disbursements made by the Brazilian Development Bank (BNDES) in this year’s first two months totaled BRL 10 billion (USD 3.23 billion), from which BRL 5.3 billion (USD 1.71 billion) were authorized in February. In comparison to last year’s January and February, the decline was of 16%.

The bank has stated this Tuesday (21) that the result is still an effect of the decline in investments seen throughout the economy. BNDES pointed out, however, that the rate of decline of disbursements has been slowing down since the second half of 2016. From January to June of last year, loans authorized by the bank declined 42% over the same period of 2015, while in the second half the decline was less sharp at 28%.

*Translated by Sérgio Kakitani

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