Angolan Development Bank signs cooperation agreement with Brazil’s BNDES

28 May 2014

Angolan development bank Banco de Desenvolvimento de Angola (BDA) Tuesday in Luanda signed a cooperation agreement with Brazilian development bank Banco Nacional de Desenvolvimento Económico e Social do Brasil (BNDES) focused on exchanging information.

The document, signed by BDA chairman Manuel da Costa, and Paulo Roberto, head of the BNDES representative office, also establishes cooperation in training and staff exchanges, according to Angolan news agency Angop.

Banco Nacional de Desenvolvimento Económico e Social (BNDES) is a Brazilian state company and its role is to provide long-term financing for investments in all of the country’s economic sectors.

BNDES is particularly focused on agriculture, industry, infrastructure, and trade and service offering preferential conditions to micro, small and medium-sized companies. (macauhub/AO/BR)