More expensive BNDES ‘lost’ customers

Because of the higher interest rates, the Programa BNDES de Sustentação do Investimento (BNDES PSI) records ‘escape’ of stakeholders, many of the sugarcane industry, since the line prioritizes capital goods.

As disclosure of BNDES itself, between January and last May the PSI disbursements totaled R$ 16,3 billion, 43% lower volume compared to the same period of 2004.

According to public financial institution, even at high interest rates, the PSI has rates “still quite competitive.”

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