In addition to these three areas, segments of basic industries (Oil & Gas and Mining) and manufacturing industries (Textile and Automotive) were defined to compose the list of priorities such as mobilizing sectors for the industry in general. These four segments were chosen because of their relevance to the Brazilian economy and its innovation agenda already in progress.

The approved adjustments simplify the rules, raise the BNDES participation in financing (mainly for micro, small and medium-sized companies), increase flexibility, reduce the scope of obligations and extend the deadlines for changing the incentive levels. The goal is strengthening the Bank’s support to help consolidate the market and the photovoltaic solar energy industry in Brazil.

Since last year, when BNDES ceased to grant bridge loans, it has been studying ways to enhance the financing of projects. Under the agreement, banks that offer guarantees equivalent to at least 40% of the total financing will be entitled to share the guarantees and collateral with BNDES.

The resources are from the BNDES Program for the Development of Culture Economy (BNDES Procult), one of the financial instruments that the Bank presents to the sector starting this Saturday (24), in the 5th Brazilian Independent Games Festival (BIG Festival), of which the Bank is a sponsor.