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| Maria Silvia Bastos Marques |
The Brazilian Development Bank (BNDES) will take an unprecedented
role as provider of working capital to Brazilian companies. Through
December 31, the bank will make R$13 billion available in its BNDES
Progeren line, to bolster the capacity of creating jobs and income, of
which R$5 billion will be offered directly, something that so far had
never occurred in a broad way, and R$8 billion through financial
agents.
The offering of working capital without the intermediation of agents
is part of the new operational policies BNDES announced Thursday in the
biggest revamp of the bank’s financing terms in nearly a decade. The
last change was made nine years ago.
