Tag: BNDES

• Monday, July 9th 2012 - 06:05 UTC

  Influential Brazilian banker says further weakening of the Real “would be better”

  

  Luciano Coutinho president of Brazil’s state development bank BNDES, said the country has benefited from the recent weakening of its currency and a further drop would be better, according to newspaper Folha de Sao Paulo.

• Thursday, June 28th 2012 - 21:46 UTC

  Mantega insists Brazil economy picks up in second half and reaches 2.5% annual growth

  

  Brazil's government has taken measures so that economic growth reaches at least 2.5% in 2012, said Finance Minister Guido Mantega following the announcement of new economic stimulus measures that are expected to accelerate the economy in the second half of the year.

• Wednesday, June 27th 2012 - 21:56 UTC

  Brazil going “to bus” its way out of the economic slowdown

  

  The Brazilian government plans to buy over a third of the country’s output of buses and reduce borrowing costs for state-funded investments to a record as part of a new round of measures to revive stalled growth.

• Wednesday, June 6th 2012 - 18:48 UTC

  Brazilian inflation falls below 5% in May for the first time since September 2010

  

  Brazil’s inflation rate fell more than economists expected in May, pushing the annual pace below 5% for the first time since September 2010. Monthly inflation slowed to 0.36% from 0.64% in April.

• Monday, May 28th 2012 - 16:59 UTC

  Brazil has a plan to bolster subsidized credit to increase corporate investment

  

  Brazil has a plan to bolster subsidized credit aimed at increasing corporate investment with 45 billion Real (approx 22.5 billion dollars) from the country’s development bank, BNDES.

• Friday, May 25th 2012 - 22:45 UTC

  Government decides to extend soft loans for Brazil’s three largest corporations

  

  Brazil eased rules for subsidized lending by state development bank BNDES to three of the country's biggest companies, in a move that may help President Dilma Rousseff shield a struggling economy from market turmoil abroad.

• Friday, May 4th 2012 - 17:16 UTC

  Brazil committed to compete with China in Africa for resources and growing market

  

  Brazil pledged major investment and technology transfer to Africa to repay a “solidarity debt” from a country with a huge black population to the poorest but resource-rich continent.

• Thursday, April 26th 2012 - 05:54 UTC

  Brazil loan delinquencies down; Rousseff wants lower rates from private banks

  

  Loan delinquencies at Brazilian banks fell in March for the first time this year, a sign that households are reining in debt to get current on their obligations, central bank data showed on Wednesday.

• Saturday, April 21st 2012 - 06:57 UTC

  Uruguay and Brazil agree to jointly develop and expand wind power

  

  Uruguay and Brazil agreed this week to jointly set up a 100MW wind farm in Uruguayan territory demanding an investment of 200 million dollars and which should become operational by 2013.

• Wednesday, April 4th 2012 - 01:37 UTC

  Brazil announces 35bn dollars stimulus measures to prop industry

  

  Brazil announced on Tuesday tax cuts and other stimulus measures worth about 65 billion Reais (35 billion dollars) to protect the country’s struggling industry from what she said were “predatory” trade practices by rich nations.