Since March, institutions had not been allowed to participate in loan operations for prior payment of exports. The funds should be made available to simplify dollar inflows into Brazil’s economy.
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According to a report disclosed by the Ministry of Finance, the 33% growth in revenues with the commodity compensated the 25% growth in expenses in the first four months of the year.
The institution projects that the Brazilian economy will grow by 2.5% this year. The last forecast had been 3.5%.
To the Machinery Industry Association, growth fostering measures announced by federal government do not provide for benefits to machine manufacturers. Exports were up 12% from January to May.
Long-Term Interest Rate charged on Brazilian Development Bank financing dropped from 6% to 5.5% a year. The measure is expected to encourage investing and will apply to both old and new contracts.
The slaughterhouse is Brazil’s most international company. Vale is the one with most units abroad, according to a research by Dom Cabral Foundation.
Minas Gerais state-based women’s shoe brand Cláudia D’Ávila invests in artistic and exclusive production to sell more to Brazil and abroad. The brand is already present in Bolivia and French Guiana.
The Brazilian government will provide US$ 55.6 billion to finance the 2012-2013 crop, starting in July, as against US$ 51.7 billion in the previous cycle.
The minister of Development, Industry and Foreign Trade, Fernando Pimentel, said that incentive measures will be announced on Wednesday.
The Arab country was the eight main destination for exports of these companies from January to May this year. But sales to the Saudis, like exports in general, dropped in comparison with 2011.
The Brazilian balance of trade showed a US$ 119 million deficit last week, as a result of US$ 4.075 billion in exports and US$ 4.19 billion in imports.
The company will boost its production capacity for the biofuel in Brazil until 2016. Projects already underway will get part of the funds.
The fund transfer was authorized by the Ministry of Finance. Treasury transfers to banks are expected to amount to US$ 22.1 billion this year.
In Brazil, dollar inflow exceeded the outflow by US$ 995 million from the 1st to 20th.
