BNDES disbursements decline

BNDES disbursements decline

Bonds Structured Finance Brazil Funds Project & Infrastructure Finance

Brazil's BNDES disbursed BRL10bn ($3.25bn) in loans for the first two months of the year, down 16% on the same period last year due to low investment levels."Despite the continued decline in disbursements, BNDES' statistics show a reduction in the rate of the fall since the second half of 2016," the development bank said in a statement.After dropping 42% year-on-year in the first half of 2016, BNDES loan disbursements shrank 28% in the second half of last year, the bank said. BNDES payouts fell

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