http://web.bndes.gov.br/bib/jspui/handle/1408/29547 Sat, 11 Apr 2026 03:36:25 GMT 2026-04-11T03:36:25Z http://web.bndes.gov.br/bib/jspui/handle/1408/29528 Title: Effectiveness evaluation report, v. 7, n. 21, dec. 2025 Editor(s): Banco Nacional de Desenvolvimento Econômico e Social (Brasil). Área de Relacionamento, Marketing e Cultura. Departamento de Relacionamento Description: Credit cooperatives are important in mitigating credit constraints, especially in areas where banking services are scarce. In this sense, this work seeks to investigate the impact of the Credit Cooperative Capitalisation Program (BNDES Procapcred) on the strengthening of supported cooperatives, observing data at the municipal level. The program is based on granting financing for the acquisition of shares in individual credit cooperatives by their members, so that the contracted resources are transferred to the issuing cooperative. The program’s operation is carried out by the Brazilian Development Bank (BNDES) through indirect operations. From 2006 to 2024, BNDES Procapcred conducted 504,453 operations with 386,983 different cooperative members in 818 municipalities, with a total of BRL 6.2 billion in resources released, according to deflated values referring to 2024. The assessment considered the financial support between 2015 and 2023 and verified that BNDES Procapcred achieved its objectives. The support is associated with growth in the total number of cooperative members of +30.1%, with emphasis on individuals (+31.7%), in addition to the growth in the number of cooperative members with checking accounts (+23.7%), fixed term deposits (+38.8%) and credit operations (+66.5%). Greater effects were observed for higher intensity support and for municipalities with smaller populations, lower levels of urban hierarchy (that is, less centrality and greater dependence on services provided in other locations), lower Municipal Human Development Index (MHDI), and lower depth of the bank credit market. In other words, the municipalities most benefited by the program are precisely those less developed and more likely to suffer from credit restrictions. Thus, the results obtained in this evaluation point to the importance of maintaining and expanding BNDES Procapcred, extending its coverage throughout the Brazilian territory, in order to serve municipalities whose characteristics are associated with greater credit restrictions from sources other than cooperatives.; Bibliografia: p. 43-46. Mon, 01 Dec 2025 00:00:00 GMT http://web.bndes.gov.br/bib/jspui/handle/1408/29528 2025-12-01T00:00:00Z http://web.bndes.gov.br/bib/jspui/handle/1408/22724 Title: Effectiveness evaluation report, v. 04, n. 12, jun. 2022 Abstract: This report evaluates the impact of the BNDES countercyclical action for micro, small and medium-sized enterprises (MSME) in the Covid-19 crisis. The policies assessed were the Emergency Credit Access Program (FGI PEAC, in Portuguese), in its guarantee modality, which provided guarantees for non-earmarked loans through the Investment Guarantee Fund, and the BNDES Credit Small Enterprises line (CPE, in Portuguese), which offered loans via authorized financial institutions (a second-tier model of funding). These actions accounted for about two-thirds of the BNDES's countercyclical activities in 2020, and its instruments tend to remain in the list of forms of support to the Bank's MSMEs, which justifies the choice of these actions for evaluation. The cost-effectiveness analysis of these forms of support is the main objective of this report. Description: Inclui bibliografia: p. 52 e notas de rodapé Wed, 01 Jun 2022 00:00:00 GMT http://web.bndes.gov.br/bib/jspui/handle/1408/22724 2022-06-01T00:00:00Z