The transition to a green economy with less carbon emissions would tend to create jobs and improve the productivity of the Brazilian economy, evaluates former Finance Minister Joaquim Levy. The former Finance Minister said that the energy market of alternative sources is one of the main Brazilian advantages. Levy projected that it would be possible to double the production of wind energy in the country, for example.
GDSolar announced it will invest R$ 105 million ($18 mm) to build 11 new photovoltaic plants in Minas Gerais. In addition to the previous projects, the company is expected to reach 65 MW of installed capacity in the state and investments of R$ 281 million ($50.2 mm).
Source: Energia Hoje
The DFC announced $984 million in investments in Brazilian projects. Most of the funds will be used by Itaú and BTG Pactual banks for loans to small and medium-sized businesses hit by the coronavirus. The DFC is a development bank created by the US last year to finance projects in the region.
Source: Portal Agronegocio
The Economic Affairs Commission (CAE) approved a credit operation of the Inter-American Development Bank (IDB) with BNDES. $750 mm will be made available to finance micro, small and medium enterprises (MSMEs), providing a new cycle of sustainable growth, given the relevant role of the segment in generating jobs and income.
Source: Money Times
The revenues of the mining industry in Brazil amounted to R$50.7 billion ($8.9 bn) in the third quarter, an increase of nearly 30% compared to R$39.2 billion ($7 bn) recorded in the previous quarter, reported the Brazilian Mining Institute (Ibram). In the accumulated of the year until the end of the third quarter, sector’s revenue has reached approximately R$126 billion ($22.5 bn).
Source: UOL Economia