Inteligencia y Seguridad Frente Externo En Profundidad Economia y Finanzas Transparencia
  En Parrilla Medio Ambiente Sociedad High Tech Contacto
Economía y Finanzas  
 
01/08/2012 | Brazil - Brazil’s development bank will disburse loans at a faster pace to prop economy

Mercopress Staff

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.

 

The bank will release 8% more in loans per year through 2015 from a pace of about 6% now, BNDES President Luciano Coutinho said in São Paulo. BNDES' disbursements will almost double in the second half from the first six months as a result, he added.

“We are considering making changes to our financial planning assumptions for the coming years” Coutinho said at an event. He reaffirmed estimates of total lending at the bank nearing 150 billion Reais (73.5 billion dollars) for 2012.

Coutinho's remarks add to evidence that President Dilma Rousseff's government is concerned with the impact of a year-long slowdown on job creation and poverty reduction. Investment, a key engine of growth, has lost steam recently as companies worry the economy, which not so long was thought to be overheated, has cooled too quickly.

BNDES doled out less credit last year after industrial companies reworked or cancelled requests for new loans. Many economists have for years blamed BNDES' bigger role in credit markets for putting the brakes on the development of more solid bond and equity markets in Brazil.

Rousseff is using state-run banks to increase the flow of credit into the economy, lower borrowing costs and force private sector peers to boost credit. Assets at Rio de Janeiro-based BNDES, the country's state development bank, more than doubled since the end of 2008 to 640 billion Reais.

Critics of the strategy say that BNDES' more active stance in recent years has made local companies over-reliant on bank and state loans as potential disruptions in global financial markets pose a risk to their liquidity.

Still, the high degree of participation by BNDES and commercial lender Banco do Brasil on corporate lending has been unable to prevent debt restructurings or bankruptcy protection filings by some firms, Moody's Investors Services said in a recent report.
 

Mercopress (Uruguay)

 


Otras Notas Relacionadas... ( Records 1 to 10 of 44116 )
fecha titulo
06/09/2018 Argentina- La crisis dejó al descubierto las mismas miserias
06/09/2018 TAP Pipeline: Look Who’s Switching Off the Gas This Time
05/09/2018 The Long Shadow Of Gulf Crisis: Qatar Emerges As Key Player In Gaza Crisis – Analysis
03/09/2018 Precariedad emergente
02/09/2018 Argentina- El plan fue el no plan y fracasó
31/08/2018 Argentina- La fiebre del dólar pone contra las cuerdas al Gobierno de Macri
27/08/2018 Argentina- La oscura transparencia de la corrupción populista
25/08/2018 Pan y circo en una Argentina que se derrumba
12/08/2018 Cómo eliminar los subsidios a los combustibles II
12/08/2018 Why oil firms should worry more about climate change


Otras Notas del Autor
fecha
Título
22/08/2018|
11/07/2018|
11/07/2018|
07/10/2014|
07/10/2014|
16/06/2014|
28/05/2014|
21/12/2013|
02/11/2013|
31/10/2013|
31/10/2013|
15/10/2013|
04/10/2013|
04/10/2013|
10/09/2013|
22/08/2013|
15/08/2013|
14/08/2013|
04/08/2013|
03/08/2013|
02/08/2013|
14/06/2013|
07/06/2013|
25/05/2013|
16/05/2013|
08/05/2013|
07/05/2013|
24/04/2013|
14/04/2013|
30/03/2013|
12/03/2013|
12/03/2013|
12/03/2013|
12/03/2013|
29/01/2013|
29/01/2013|
25/11/2012|
14/11/2012|
11/09/2012|
18/08/2012|
18/08/2012|
07/08/2012|
01/08/2012|
01/08/2012|
31/07/2012|
31/07/2012|
31/07/2012|
21/07/2012|
21/07/2012|
20/07/2012|
20/07/2012|
17/07/2012|
08/07/2012|
08/07/2012|
06/07/2012|
29/06/2012|
12/06/2012|
16/05/2012|
12/05/2012|
10/05/2012|
10/05/2012|
25/04/2012|
24/04/2012|
10/03/2012|
10/03/2012|
23/02/2012|
23/02/2012|
23/02/2012|
23/10/2011|
12/10/2011|
20/09/2011|
25/02/2011|
08/02/2011|
08/02/2011|
29/08/2010|
29/08/2010|
29/07/2010|
28/07/2010|
21/04/2010|
08/01/2010|
06/01/2010|
24/11/2009|
24/11/2009|
08/10/2009|
06/10/2009|
29/09/2009|
23/09/2008|
23/09/2008|
01/05/2008|
04/03/2008|

ver + notas
 
Center for the Study of the Presidency
Freedom House