On February 9, 2024, the Banco Nacional de Desenvolvimento Econômico e Social (BNDES), in partnership with the government of the state of Pará, enabled the contracting of R$ 140 million in credit for the tourism sector in Belém, Brazil.
The main beneficiaries of this credit are the hotel, bar, and restaurant segments.
This recent development came after the approval of a financing of R$ 3 billion by the bank for a multi-sector investment plan aimed at improving urban infrastructure and expanding access to public equipment and services in the metropolitan region of Belém.
The approved funding encompasses cultural and touristic facilities as well.
In another initiative, the BNDES also approved R$ 40 million to restore the Conjunto dos Mercedários, a cultural venue that could be utilized during the COP30.
Belém, the capital city of the northern Brazilian state of Pará, holds great potential as a tourist destination with its rich historical and cultural heritage.
As such, investing in the tourism sector not only provides economic opportunities but also helps preserve and showcase the city’s unique character.
The funds provided by BNDES will contribute significantly to the development of tourism-related businesses such as hotels, bars, and restaurants in Belém.
This injection of credit will enable them to enhance their infrastructure, improve services, and expand their capacity to cater to both domestic and international tourists.
Belém’s vibrant culinary scene, which showcases the diverse flavors and cuisines of the Amazon region, is sure to benefit from this initiative.
Additionally, the restoration of the Conjunto dos Mercedários will further enhance the city’s cultural offerings by providing a venue for various events and activities.
The BNDES has consistently shown its commitment to supporting the growth and development of various sectors in Brazil.
By facilitating this significant investment in the tourism sector of Belém, the bank contributes to the economic prosperity of the city while promoting its unique attractions on a global scale.
Agencia Brasil
