The current political radicalism prevents the visibility of the structuring achievements
The disastrous political radicalism in force prevents the visibility of structuring achievements. BNDES is a typical case.
It represents the critical side of development: offering credit to finance industrial production and services. Even so, it is a process of choices.
The bank’s current management has chosen to adjust investment priorities, aligning them with counter-cyclical investments and seeking to finance the heroic Micro, Small and Medium Enterprises (SMEs).
The operation of this turnaround in development financing is concentrated in the capital market area of the bank, led by managing director Bruno Laskowsky.
The first step was the recycling of part of the BNDESPar portfolio. R$ 80 billion was obtained from the sale of shares of mature and competitive companies. These resources have been redirected and added to by private equity funds, Credit Rights Investment Funds (FIDCs), investment funds in infrastructure, energy, sanitation, innovation, biome conservation projects and carbon credit and credit MPMI. As a result, there has been an increase in the supply of credit, which has made it possible to increase investment.
All these initiatives aim to reverse the deindustrialization process and generate quality inclusive economic growth that causes a social impact.
There is a fund formed with assets from BNDES and Sebrae. Each will contribute 500 million reais, guaranteeing credit for operations with individual micro-entrepreneurs (MEIs) and MSMEs contracted by financial agents accredited by the fund. This amount will represent guarantees of up to R$ 12 billion.
Furthermore, a strong boost will be given to investments in shared infrastructure projects. BNDES selected five private investment funds, three private equity and two credit. In each, the bank will invest R$500 million, for a total of R$2.5 billion. It will work to raise an additional R$5 billion in the capital market, for a total of R$7.5 billion.
The MPME Channel (digital) allows you to apply for loans directly from financial institutions accredited by the BNDES. It is an integrated system with multiple financial agents for the automatic processing of requests for financing of the agricultural sector, working capital, investments and many other services, enabling the sustainability of production and employment.
This combination of credit lines to the BNDES moves about 20% of total credit in the country. No other nation in Latin America has a development bank of this scale that is competitive on behalf of inclusive and sustainable development./Professor of Economics at EAESP-FGV, author of the book ‘OK, Roberto. You won! The economic thought of Roberto Campos’ (Editora Topbooks)
🇧🇷The best content in your email for free. Choose your favorite Terra newsletter. Click here!
Source: Terra
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
