New Era for Brazil’s Economy: Industry Outstrips Agro in State Funding

The Brazilian Development Bank (BNDES) has significantly shifted its investment focus, now favoring industry over agriculture, a trend unseen since 2016. In 2024, BNDES approved R$ 64.17 billion (10.69 billion) for capital goods, marking a 7% increase from the previous year’s R$60.15 billion ($10.03 billion). This surge in funding, particularly the R$ 10.5 billion ($1.75 […]