Brazilian Development Bank

BNDES, the Brazilian Development Bank, is Brazil’s main public development bank and financing agent for economic and social development. Founded in 1952, it provides long-term financing for projects across all sectors of the economy—including infrastructure, industry, innovation, environment, and health. While BNDES itself does not develop drugs or healthcare products directly, it plays a pivotal role in funding Brazil’s biopharmaceutical and biotechnology industries through dedicated programs like Profarma and investments in companies such as Recepta Biopharma S.A.[6][10] Its support has been crucial to the growth of local pharma/biotech capacity.