The president of BNDES (National Bank for Economic and Social Development), Gustavo Montezano, said at a BTG Pactual event this Thursday (18) that the bank is preparing, for the coming weeks, a new round of PEAC (Emergency Program for Access to Credit). ).
The program was launched in mid-2020, with the transfer of credit lines made available by financial institutions to support small and medium-sized companies in the face of the closure of trade caused by the pandemic.
According to Montezano, the program had a total cost estimated at around R$10 billion, and resulted in the release of credits of around R$90 billion in five months.
“Instead of giving BRL 10 billion to large companies, giving BRL 1 billion to small companies is more social development, more economic development, and more votes at the end of the day,” said Montezano.
The speech takes place amid the electoral campaign for the Planalto, in which President Jair Bolsonaro (PL) is running for re-election. Montezano is close to the president’s family, and worked at the Ministry of Economy before being appointed to the BNDES.
He said he wants to structure a program that uses part of the value obtained by BNDES from the sale of shares in large companies such as Petrobras, Vale and JBS to capitalize small businesses.
The structure, he said, would take place through partnerships between the development bank and investment funds, such as venture capital, specialized in identifying entrepreneurs with high potential, but still at an early stage in the development of their operations.
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