The Arab Brazilian Chamber is preparing a publication to celebrate its anniversary. The work recounts the organization’s history and explains its role in relations between Brazil and Arab countries.
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On the Chamber’s 60th anniversary, board president Walid Yazigi discusses the organization’s trajectory and celebrates the progress in relations with the region since the first missions were held.
For the most part, the US$ 300 million in credit due to be granted to the African country will go to social investment. Another US$ 50 million will be loaned to micro, small and medium businesses.
Representative Fernando Capez hosted a ceremony to celebrate the organisation’s 60 years, at the Legislative Assembly. Stamps were issued in celebration.
Net debt of the Brazilian public sector was a little below US$ 716 billion in May, equivalent to 35% of GDP.
The economy of the public sector to cover the debt was US$ 1.2 billion. Brazil had a nominal deficit of US$ 7.7 billion in the month.
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.
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.
