Brazilian Development Bank Increased its Financing of Country’s Agribusiness Sector by 26% in 2024

According to the President of the financial institution, Aloizio Mercadante, in this way the bank promotes the adoption of low-carbon technologies in the sector. Photo: TV Brics/Istock

The Brazilian Development Bank (BNDES) has approved financing of 52.3 billion Brazilian reais (US$5,65 billion) for the country’s agricultural sector in 2024, an increase of 26 per cent compared to 2023. This is reported by Agencia CMA, a partner of TV BRICS. The bank channelled funds to farmers, cooperatives and agribusinesses to increase production, buy… Continue reading Brazilian Development Bank Increased its Financing of Country’s Agribusiness Sector by 26% in 2024

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