Brasília – The Brazilian Development Bank (BNDES) announced this Wednesday (14) improvements in credit lines of the Exim Pre-shipment type, aimed at companies that produce to export, with a reduction in interest rates from between 11.13% and 15.75% per year to between 9.1% and 11.53% per year. In addition to this, a new credit line was created, designed for innovation products with the potential to be sold abroad.
According to BNDES’s president, Luciano Coutinho, the new credit lines of the Exim Pre-shipment type include the Long Term Interest Rate (TJLP), currently set at 7.5% per year, plus spread costs (the difference between the cost to raise the funds and the price charged when granting the loan). In the case of the ‘capital goods production’ and ‘micro, small and medium-sized companies’ categories, the basic cost is entirely based on the TJLP, which allowed for a reduction of spread costs.
With the new conditions, the government expects the demand for credit lines of the Exim Pre-shipment type to show the potential to reach BRL 15 billion (USD 4.32 billion), against an initial forecast of BRL 4 billion (USD 1.15 billion). “These are resources from the bank’s standard budget. There aren’t new resources. What we are doing is using the resources available in a more efficient way”, said Coutinho.
With the new configuration, the credit terms for the exporting industry now are: interest rates of 9.1% per year and a term of 36 months for innovation companies; interest rates of 9.1% per year and a term of 30 months for micro, small and medium-sized companies; interest rates of 11.53% per year and a term of 24 months for consumption goods.
*Translated by Sérgio Kakitani
