BNDES Implements Support for Companies Affected by Tariffs
BNDES announces support measures for companies hit by tariffs, reinforcing economic stability efforts.
- • BNDES to protect companies affected by tariffs.
- • Recent announcement by BNDES President Aloisio Mercadante.
- • Empretec program certifies new entrepreneurs in Manaus.
- • Initiatives aim to strengthen Brazilian economy amid challenges.
Key details
In a significant move to bolster Brazilian businesses facing economic challenges, the National Development Bank of Brazil (BNDES) has announced measures to protect companies negatively impacted by tariffs. On September 28, 2025, BNDES President Aloisio Mercadante outlined the bank's commitment during a press conference, stressing that the initiative aims to provide assistance to businesses that have been adversely affected by recent tariff increases.
Mercadante remarked, "We understand the challenges that tariffs pose to our businesses and we are here to provide support. The BNDES will deploy resources specifically to shield those companies from these economic adversities, ensuring their operational viability and safeguarding jobs across the country."
The BNDES's initiative responds directly to growing concerns among the business community regarding the financial repercussions of continuous tariff escalations, particularly in sectors reliant on exports. This response highlights the Brazilian government's proactive stance in safeguarding the economy against external pressures.
In addition to BNDES's financial interventions, the local administration in Manaus has concluded its Empretec program, certifying 28 new entrepreneurs. This program, designed to empower small business owners through entrepreneurial training and skills development, complements the BNDES's efforts by fostering a more resilient business environment. As cited in a report, “Empretec plays a crucial role in equipping entrepreneurs with the necessary tools to thrive in a challenging economic landscape.”
Together, these initiatives reflect a comprehensive approach by both governmental and financial institutions to cushion the impact of economic policies on Brazilian businesses. Looking ahead, the BNDES plans to further extend its reach and adjust its assistance strategies in response to ongoing economic developments, aiming to strengthen the backbone of Brazil's economy during these turbulent times.