Brazil’s Social and Economic Development Bank (BNDES) has plans to invest 1.858 trillion Reais (approx 906bn dollars) between 2013 and 2016, according to the statement by its President Mr Luciano Coutinho.
In 2012, total investments amounted to approximately 156 billion Reais, up 12% compared to 2011, and a total of 2.394 trillion Reais was invested between 2008 and 2012.
The figures do not include the housing sector.
Manufacturing sector received the highest investment in 2012, totaling 847 billion Reais, and it will be the largest recipient of loans in the next three years too.
Infrastructure absorbed 359 billion Reais in 2012, with a further 498 billion Reais expected to be invested between now and 2016. BNDES supplied the service sector with 159 billion Reais last year and future investments are expected in the order of 219 billion Reais.
The remaining sectors together received 1.858 billion Reais and should receive a little over another billion in the next three years.
The volume of funds released to micro, small and medium enterprises was the largest in the bank's history, totaling 50.1 billion Reais.
Besides lending to companies, BNDES also takes equity participation in some cases.
The financial support of BNDES has helped many Brazilian companies, both public and private, to go global and be leaders in their areas of operations.