Aloizio Mercadante, president of Brazilian Development Bank, proposed a “Sovereign Brazil 2” plan to support exporters impacted by U.S. tariffs, particularly in sectors like steel and autos still facing elevated duties. The original Brasil Soberano program financed R$19.5 billion in 2025, with R$6 billion unused and potentially redeployed pending approval by National Congress of Brazil. Talks involve Geraldo Alckmin and Luiz Inácio Lula da Silva. Mercadante also highlighted geopolitical risks affecting fertilizers and trade resilience. Separately, BNDES is working on a solution for Raízen amid its R$65.1 billion debt restructuring, while monitoring potential impacts of proposed labor reforms.
Source: Nova Cana
BNDES DEFENDS NEW SOVEREIGN BRAZIL PLAN TO HELP EXPORTERS.
Published On - 19 de March de 2026