The content has been shared, if you want to share this content with other users click here.
Brazilian national development bank BNDES expects its disbursements this year to be similar to 2010's 144bn reais (US$89.5bn), local daily O Estado do S Paulo reported BNDES president Luciano Coutinho as saying at a seminar hosted by capital markets association Anbima.
The BNDES chief said he expects investments in Brazil to grow 8-10% this year and the economy to expand close to 4%.
To grow at 5% per year during the next decade, Brazil will need investments of 280bn reais per year, according to an estimate by Anbima.
The government wants BNDES to reduce its dominant financing role in the economy and to see more long-term financing from the private sector.
Coutinho said the bank's objective now is "to give space for the private sector" in long-term financing, but noted that BNDES' own such financing could not be reduced in a "radical" way, as this would lead to a higher funding cost for many projects, according to the report.