Tag: BNDES

• Friday, December 13th 2013 - 13:04 UTC

  Brazil to lower economy stimulus beginning with subsidized credit lines

  

  Brazil will raise interest rates on some state-subsidized credit lines in 2014 withdrawing part of the stimulus that helped boost investments but also hurt public finances this year. Interest rates on loans for the purchase of capital goods and trucks will climb to 6% per year, from 4%, while a special credit line for exports will climb to 8% from 5.5%.

• Wednesday, November 27th 2013 - 06:43 UTC

  Sound fiscal policy is new target of Brazilian economy: subsidies to be lessened

  

  Brazilian Finance Minister Guido Mantega said on Tuesday the government will remove some subsidies and delay tax breaks to keep the country's fiscal policy sound. Likewise the state development bank, BNDES, will stop funding lines for regional government next year.

• Monday, October 21st 2013 - 07:39 UTC

  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.

• Thursday, September 26th 2013 - 05:58 UTC

  Brazil’s development bank ‘overbooked’ needs support from the private sector

  

  The Brazilian state development bank BNDES is “overbooked” and needs the private sector to step up funding in investments, according to bank president Luciano Coutinho. Lending by BNDES and other public banks has increased six times faster than credit by non-state bank this year, as the government tries to fuel economic growth.

• Friday, March 22nd 2013 - 07:09 UTC

  Moody’s marks eroding capital position of two of Brazil’s main state-run banks

  

  Moody's Investors Service lowered this week the long-term issuer ratings of Brazilian state banks BNDES and Caixa Econômica Federal, citing their eroding capital position after years of rapid credit expansion, but spared the also government controlled Banco do Brasil.

• Wednesday, November 21st 2012 - 20:49 UTC

  Brazil’s development bank sees economy picking up as loan requests increase

  

  Company inquiries about tapping Brazil's BNDES state development bank for loans is up 30% the past two months, a strong sign of potential growth in the near future for a sluggish economy, the bank's president revealed in the US.

• Thursday, August 30th 2012 - 04:20 UTC

  Brazilian government launches a new round of stimuli to prop consumption

  

  Brazil's government unveiled a host of new measures on Wednesday aimed at increasing investment and consumption as it expanded efforts to boost a sluggish recovery in the world's sixth-largest economy.

• Thursday, August 16th 2012 - 01:38 UTC

  Brazil invites private sector to invest in new highways and railways plan

  

  Brazil's government unveiled on Wednesday measures to lure up to 133 billion Reais (66 billion dollars) in private investment for new roads and railways needed to unclog the country's transportation bottlenecks.

• Monday, July 30th 2012 - 23:50 UTC

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

  

  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.

• Friday, July 20th 2012 - 00:00 UTC

  Brazil’s development bank speeding disbursements for infrastructure projects

  

  Lending by Brazil’s state development bank BNDES unexpectedly rose in the first five months of the year, led by disbursements to infrastructure projects, in an encouraging sign of investment recovery in Latin America's largest economy.