BNDES reaches agreement with Economy to return $20.7 bn to the Treasury

BNDES has reached an agreement with the Ministry of Economy to return R$62 billion ($11 bn) to the Treasury by the end of this year and a further R$54.2 billion ($9.6 bn) in 2022, said the development bank, which aims to zero out its liabilities by next year. According to BNDES, the current remaining balance with the Treasury is about R$116 billion ($20.7 bn). In March, BNDES had already made an early settlement of R$38 billion ($6.7 bn).

Source: UOL Economia