The BNDES supports Rio Festival 2011, an event in the audiovisual sector that begins October 6 and continues until October 18 in the city of Rio de Janeiro. The exhibition, which is now in its 13th edition, will open with a gala presentation of film “La piel que habito”, of the Spanish filmmaker Pedro Almodovar.

On October 5, the BNDES Card, a credit line that supports micro, small and medium-sized companies (MSMEs), reached the mark of 1 million operations carried out since its launch in 2003. In this year alone, it is estimated that more than 500,000 operations will be held, with a disbursement of R$ 7.5 billion.

The European Investment Bank (EIB) is providing a EUR 500 million loan to the BNDES of Brazil for projects in the renewable energy sector supporting climate change mitigation. The objective of this operation is to support investments that generate environmental benefits with respect to combating climate change.

The Brazilian Development Bank's Board of Directors have approved R$ 297.4 million in financing to implement five wind farms in Bahia. The units are part of the complex of 14 wind farms, which won the 2nd Reserve Energy Bid in 2009.