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19/12/2017 - 18:50hs

Development Bank disbursements down 20%

Loans from Brazil’s BNDES came out to USD 18.5 billion from January to November this year. Agriculture loans were the only ones to increase year-on-year.

Rio de Janeiro – Brazilian Development Bank (BNDES) disbursements from January to November this year came out to BRL 61 billion (USD 18.5 billion), down 20% from the year-ago period.

Agriculture was the only sector to see loans increase, by 8% to BRL 13 billion (USD 3.9 billion). Infrastructure loans amounted to nearly BRL 22 billion (USD 6.6 billion), down 2%.

Industry loans reached BRL 13.31 billion (USD 4 billion), down 48%, and trade and services loans dropped 22% to BRL 12.65 billion (USD 3.84 billion).

*Tradução de Gabriel Pomerancblum

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