Produban: da diversificação produtiva ao reforço da dominação da cana de açúcar

Abstract

The Brazilian developmental state constructed throughout the 20th century a national promotion system comprised of federal public institutions with national and regional presence, as well as state banks, aiming to support the financing of economic development within the context of policies for industrial decentralization, as well as special attention to the development of the Northeast region following the creation of Sudene. In the early 1960s, the Banco da Produção do Estado de Alagoas - Produban was established, a mixed bank with a development portfolio starting in the 1970s, serving as a financial agent of the state focused on financing its development. The trajectory of the bank allows for an analysis of its role in supporting the productive diversification of the state during its initial decades of operation, as well as the causes of crises and decline from the 1980s onwards, taking into account the relationships with the deterioration of the state's public finances and the subordination of public interest to the sugarcane and alcohol sector.