The BNDES’ board of directors has approved two programs to support the Brazilian capital market, focusing on developing venture capital and private equity industries, as well as company access to the Stock Market. These include the Multisector Funds Program and the Support Program for Public Offerings on the Access Market, with a total of R$ 3 billion. This will include the BNDES’ investments through funds and directly, in the IPO of smaller enterprises.

The Brazilian Development Bank (BNDES) approved R$ 62 billion in financing for Vale. Resources are earmarked for the company’s R$ 37.8 billion investment in the Carajás Complex (PA) and the North Logistics Training program. The project includes the construction of an iron ore mining and enhancement plant and a railroad connecting the cities of Canãa dos Carajás and Parauapebas (PA).

The Brazilian Development Bank (BNDES) successfully raised US$ 1.5 billion in bonds on the international market, issued in two series: a new bond for US$ 1 billion, maturing in 2019, and a reopening – increase in volume of an existing bond –, valued at US$ 500 million and maturing in 2023.

The Brazilian Development Bank (BNDES) has created a program to stimulate investments in innovation and increase the competitiveness of smaller companies. With a total budget of R$ 500 million, the BNDES Support Program for Innovative Micro, Small and Medium-sized Enterprises (BNDES MPME Inovadora) is already in operation, and its expiry date ends on December 31, 2015.