Brazilian Development Bank will support private sector with $20 bn

The Brazilian Development Bank (BNDES) offers around R$100 billion ($20 billion), that can be used to support the private sector. This cash list shows, that there is room for stronger action by public banks (BNDES, Caixa and Banco do Brasil) in credit. The BNDES money was reformed in February, with the sale of Petrobras’ common shares, in which the bank pocketed R$22 billion ($4 billion).

Source: Valor