Credit for investments increases to US$ 89.5 billion
DCI
The expectation of the growth of the Gross Domestic Product (GDP) in 2010 - which, according to analysts, can get to 6% - is motivating the companies to start investing in the expansion and modernization of plants again. Data of the Banco Central (Central Bank) show an increase of 16.4% in July, compared to June (last data available), in long term loans, a balance of R$ 161.1 billion (US$ 89.5 billion). The Central Bank considers long term loans those maturing in more than 1,088 days.
As a comparison, the increase in the loans with this term in three months, between May and July, was of 16.2%. For the Finance professor of the Ibmec Brasília (DF) (a Brazilian University and Research Institute specializing in Economics and Business), Mauro Miranda, this is the moment for the industries to move towards growth. "In order to take advantage of next year's growth, it is necessary to make the necessary investments before. There are good opportunities now for them to position themselves targetting 2010", he says. For him, this is the moment of "putting the money to work".
"During the crisis, the taken loans were short term ones, to go through the turbulence. Now, the investments must be long term ones, and the industry needs to raise such capital with longer terms as well in order to fund those projects", says the professor.
The Finance professor of the Ibmec Minas Gerais (MG), Eduardo Coutinho, recalls that a great part of such credit comes through the National Development Bank (BNDES). "It is already a sign of return of investments, not only in working capital, but also in the growth of 2010", he analyses. Those who are prepared, he assures, will take better advantage.
The outlays of the BNDES reached R$ 84.2 billion (US$ 46.8 billion) this year, until August, the greatest volume of the history of the institution in this period. The volume represented an increase of 59% in relation to the first eight months of 2008. The expectation of the bank is to exceed ,until September, the record release of last year, of R$ 92.2 billion (US$ 51.2 billion). Also according to the BNDES, the performance has been pulled by infrastructure and industry, with 84% of the releases, R$ 70 billion (US$ 38.9 billion).