BNDES has already approved R$ 5.3 billion from the Sovereign Brazil Plan to aid companies affected by the tariff hike.

The National Bank for Economic and Social Development (BNDES) informed this Thursday, the 23rd, that it has already approved R$ 5.3 billion in credit from the Sovereign Brazil Plan to aid companies affected by the tariff hike by the American president, Donald Trump. The amount refers to 371 operations, with R$ 2.86 billion in the Working Capital line, which allocates resources for operational expenses, another R$ 2.39 billion in the Diversification Working Capital line, which aims at the search for new markets for exports, and R$ 52.46 million in the Capital Goods line. The approvals were directed to companies in the manufacturing industry, with R$ 4.38 billion; trade and services, with R$ 468 million; agribusiness, with R$ 336 million; and extractive industry, with R$ 127 million. "The BNDES maintains its ...