The Brazilian Development Bank (BNDES) recorded net earnings of R$ 5.471 billion in the first half of 2014. The result is the highest ever presented for the period and 67.8% higher than the R$ 3.261 billion posted in the same period in 2013. Earnings were influenced by the excellent performance of BNDESPAR, a BNDES subsidiary, which recorded net earnings of R$ 2.148 billion, which is some 236.4% higher than that in the first half of last year.

The Brazilian Development Bank (BNDES), the Ministry of Agriculture, Cattle-raising and Food Supply, the Brazilian Agriculture and Cattle-raising Research Corporation, the Brazilian Federation of Banks, the FEBRABAN Institute of Education, the Brazilian Association of Development Finance Institutions and the Brazilian Confederation of Agriculture and Cattle-raising signed a technical cooperation agreement to help eligible projects obtain easier financing for low carbon agriculture.

On August 1, 2014, the Brazilian Development Bank (BNDES) and the Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding focused on small and medium-sized enterprises. The document was signed by the BNDES’ president Luciano Coutinho and the vice-president of the Japanese institution, Koichi Yajima. This took place during the official visit of Japanese Prime Minister Shinzo Abe to Brazil.

The Brazilian Development Bank (BNDES) signed a memorandum of understanding with the National Investment Bank S.A. (BNI), a financial institution controlled by Mozamibque’s Management Institute of State Holdings (IGEPE), with the head offices in Maputo.