Between 2015 and 2016 the share of MSMEs in BNDES’ loans had already increased from 27% to 31%. The stronger growth of this participation this year is associated with a series of initiatives from BNDES to expand and simplify the access of this segment to its credit, one of the priorities of the Bank's new operational policies, launched in January.

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.