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BNDES support for sugarcane industry

Source: IEA/IRENA Renewables Policies Database
Last updated: 20 July 2021

Special funding line was created at the begging of the Covid-19 pandemic to support sugarcane industry.  This program provided emergency financial support thru working capital loan for ethanol storage. It was an integrated action with other banks, through co-financing, to support companies in the need for liquidity.

 

With R$ 3 billion budget, the funding ranged from R$ 10 million to R$ 200 million per company.  With this programme, BNDES seeked to minimize the risk of energy shortages in the post-pandemic period.

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