The Brazilian Development Bank (BNDES) approved financing to the tune of R$ 1.4 billion for investments in technological innovation that Embraer is planning to carry out. The project includes developing a midsize Legacy 500 business jet and the second generation of the E -Jets (commercial jets), besides investments that will benefit the community.

The Brazilian Development Bank (BNDES) has revised its Operational Policy (OP) aligning it to suit investment trends in the country, the national financial industry’s experience and the need to serve companies more efficiently and provide higher quality services. The new rules (fees, terms of loan and shares) are already available on the BNDES website.

The board of directors at the Brazilian Development Bank (BNDES) approved financing conditions for electrical energy transmission projects. The new conditions will be applicable in Auction Nº. 011/2013, to be held on February 7, for the Belo Monte Power Plant Transmission System.

The Amazon Fund, managed by the Brazilian Development Bank (BNDES ) has approved support in the amount of R$ 16.4 million for environmental sustainability in the state of Amazonas to develop a management project on indigenous land. The program, slated for completion in 36 months, covers approximately 50% of the indigenous territories in the state.