Vinicius Konchinski           Reporter Agência Brasil

São Paulo – With the launch of the Greater Brazil Plan, the Brazilian Deveopment Bank (“BNDES”) will make adjustments in the rhythm and total amount of its loans this year. According to Luciano Coutinho, president of BNDES, the institution originally intended to actually cut back slightly on loans this year to R$140 billion (compared to R$144 in 2010), However, with Greater Brazil, the BNDES will loan out R$147 billion.

“In the first half of this year we reduced outlays by 6%. In the second half, as part of our participation in Greater Brazil we will expand our working capital fund by around R$7 billion (raising it from R$3 billion to R$10 billion). That is not going to have any significant overall effect on our annual plan,” said Coutinho.

Allen Bennett – translator/editor The News in English

Link - Com Plano Brasil Maior, BNDES aumenta previsão de desembolsos este ano