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.

The loan amounts to 70% of the total invested by the company in the project, which provides for the development of 55 medicines for diseases without treatment or those that provide superior effectiveness compared to the medicines available in the market, contributing to competitiveness.

The Brazilian Development Bank (BNDES), in Diário Oficial da União (DOU), today published an announcement of conclusion of the process of privatization of the electric power distributor Celg Distribuição S.A (CELG D), acquired by the Italian group Enel Brasil S.A. in an auction held on November 30, 2016, at BM&FBovespa, nowadays known as B³.

The new president will be the 35th to direct the institution. In his inaugural speech, he highlighted the Bank’s key role in long-term investments and in the financing of MSMEs.