The Federal Development Bank BNDES will receive up to R $ 55 billion from the Treasury to support the PSI. PSI is an abbreviation of P rograma BNDES de S ustentação Thurs I nvestimento should and both the production, acquisition and export of capital goods and stimulate technological innovation in Brazilian companies. These new funds will be under the so-called PSI 3 - program only small and medium-sized companies at preferential interest made available, large companies should no longer be subsidized. Nevertheless, experts expect that this will continue at 10% a year for BNDES - to pay loans, still less than the 25% who want a private bank. Because of the interest rate hike from April but pay the small and medium-sized enterprises more for a BNDES - credit for machinery and equipment it will be 5.5% per year on buses, tractors and trucks as part of a Finam - 8% loan. There are also two credit lines for projects of technological innovation with 3.5 and 4.5% a year. The PSI is supposed to expire in late March, because of huge demand, the running time but now extended for the third time. EURO INTERNATIONAL
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