The Brazilian Development Bank (BNDES) disbursed R$ 54.4 billion between January and April this year, an increase of 59% compared to the same period last year. The increase covered all sectors supported by the Bank, especially industry, which accounted for 37 % of total disbursements in the period (R$ 20.2 billion and up 113 % over the same period last year). Infrastructure accounted for 27%.

On May 29, the Brazilian Development Bank (BNDES) and Finep, supported by the Ministry of Agriculture, Cattle-Raising and Food Supply, released the Inova Agro call-to-bid, a federal government plan that will allocate R$ 1 billion for innovation in the cattle-raising and agriculture sector.

The board of directors at the Brazilian Development Bank (BNDES), within the scope of the Amazon Fund, has approved support in the amount of R$ 23 million to the Amazon Cooperation Treaty Organization (ACTO), intergovernmental organization formed by Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela.

Disbursements from the Brazilian Development Bank (BNDES) totaled R$ 37.2 billion in the first quarter of 2013, an upsurge of 52% if compared to the same period in 2012. The level of disbursements is the highest in the BNDES’ history for the first quarter and indicates a significant recovery in investments.