Brazil’s development bank will disburse loans at a faster pace to prop economy

Monday, July 30th 2012 - 23:50 UTC

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The national bank for economic and social development, BNDES, Brazil's largest source of long-term credit for companies, is ready to disburse loans at a faster pace in the years ahead to prop the economy, the bank's top executive said on Monday. Read full article

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GeoffWard2
The biggest lost opportunity has been the focussing of BNDES on large and multi-national industries and companies.

If there had been massive injection into *fully-Brasilian* small and medium sized and feeder industries, the advantage to the nation could have been huge. The tax-take could have fed back into the economy in a big way also.

Trouble is, it is much harder to 'skim off all the 10%s' from a million smaller companies c.f. five huge ones.
Remember the smoke and mirrors arrangements for Petrobras?

Or am I being jaundiced?
Jul 31st, 2012 - 01:02 pm - Link - Report abuse 0
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British_Kirchnerist
This is what a state bank SHOULD be doing, not like our nationalised banks that still pay bonuses to the people who wrecked them when in the private sector and refuse to invest and lend to British business

#1 An interesting suggestion, even if your idea of why it hasn't happened IS jaundiced (I hope!)
Aug 01st, 2012 - 07:51 pm - Link - Report abuse 0
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