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MercoPress, en Español

Montevideo, November 15th 2024 - 04:56 UTC

Tag: credit lines

  • Friday, June 8th 2018 - 08:25 UTC

    Brazil launches massive package of soft loans for agriculture, US$ 51.13bn

    The loans and credit lines will be accessible to producers starting July 1 and through June 30, 2019, Maggi said

    Brazil announced on Wednesday evening that it has earmarked up to 194.3 billion Reais or US$ 51.13bn in loans to promote large and medium-sized agricultural producers. At a ceremony in the capital Brasilia, President Michel Temer and his Agriculture Minister Blairo Maggi unveiled the government's “2018-19 Agriculture and Cattle Ranching Program”, which devotes slightly more resources to the sector than last year's 190.25 billion Reais (US$ 50.06 billion).