MercoPress. South Atlantic News Agency
Brazil's development bank to target infrastructure and less on corporations
Brazil will inject less money next year into the country's development bank BNDES, (National economic and social development bank), its leading source of long-term corporate loans, to focus more on infrastructure financing as concerns mount over public debt. Read full article
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Disclaimer & comment rulesBNDES must transfer part of its corporate financing to SMEs, leaving the large corporates to do their thing on the world money markets.
Oct 21st, 2013 - 09:56 am - Link - Report abuse 0The other part should go on infrastructure with close monitoring and scrutiny; there is abundant evidence that giving the money to states for spending on infrastructure stokes up massive corruptions right through the 'food chain'.
Yes, perfect article, besides, the data about expenditures is suitable, however, we are frequently asked a question - do really the presidents represent the real authority in Brazil? Or they are the symbolic figures on global chessboard? Should we doubt the fact that presidents can be manipulated, at all? http://enria.org/index.php/categories/global-policy/18155-who-is-governing-the-global-economy-and-how-we-can-avoid-peril-that-it-brings-to-us We ask you as an expert in this area of knowledge and finally, is it possible to say that presidents represent interests of biggest economic subjects, not people?
Oct 21st, 2013 - 10:45 am - Link - Report abuse 0Brazilian corps will have a hard time finding cheap Int'l money as the economy slows and the Rial depreciates.
Oct 21st, 2013 - 02:57 pm - Link - Report abuse 0Yup, probably China again.
Oct 21st, 2013 - 03:23 pm - Link - Report abuse 0Commenting for this story is now closed.
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