The Federal District (DF) will receive R$ 980 million for productive sectors.

Brasilia Agency - With the goal of contributing to economic and social development, the Constitutional Financing Fund for the Central-West Region (FCO) will make available approximately R$ 980 million to the productive sectors of the Federal District in 2014.

The program for this year has been defined and was developed by Banco do Brasil and approved by the Deliberative Council for the Development of the Central-West Region. Approximately R$ 5,2 billion in financing will be made available to all states in the Central-West region. Each company may request up to R$ 100 million.

"Last year, there were more than 5 credit operations and R$ 830 million contracted in the sectors of commerce and services, industry, infrastructure, agriculture, tourism, and innovation. For the first time since the creation of the Fund, 25 years ago, the Federal District approved more than 100% of the resources allocated to the region," highlighted the Undersecretary of Strategic Investments and International Business, of the Secretariat of Economic Development, Apolinário Rebelo.

According to the Secretariat of Economic Development, the Fund is intended for companies, rural producers, individuals, and legal entities. The interest rate for investment is 4,5% per year for medium-sized companies and 6% for larger ventures.

According to Rebelo, the FCO has been an important and efficient instrument serving the public policy of reducing inequalities and promoting the economic and social development of the Central-West region.

The main purposes of the program are to finance fixed and semi-fixed investments; working capital and operating costs associated with investment projects; acquisition of inputs, raw materials and the formation of inventories for sales, as well as agricultural and livestock operating costs.