Brazil’s federal government has opened extraordinary credit to finance exports of goods and services by individuals and companies affected by US tariffs.
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Brazilian aircraft maker will get a BNDES loan to produce planes for export, expecting higher commercial jet deliveries this year.
The Iraqi Private Banks League announced a tool to help the private sector, especially small and medium-sized enterprises in the country, find credit options.
Countries signed a memorandum of understanding for technical cooperation on issues related to export credit insurance.
Banco do Brasil signed an agreement with a World Bank agency that provides support for smaller enterprises to finance foreign trade operations, sustainable production, and renewable energy projects.
The Arab African country recorded a decline in its economic activity in 2024 due to reductions in exports, imports, and lower credit lending.
Estimates from the National Bank of Kuwait indicate expansion of the country’s non-oil GDP.
The country’s Central Bank has put in place a string of measures to enable more access to credit and refinancing during the coronavirus crisis.
Brazil’s government announced a line of financing to support enterprises.
Brazil’s Banco do Brasil and Caixa Econômica Federal announced that financing will be made available to businesses whose finances take a hit from the pandemic.
The bank saw USD 646 million in net profit in Q3, up 70% from Q3 2018. Year-to-date through September, net profit climbed 159% to USD 3.95 billion.
Loans made by Brazil’s state-run BNDES amounted to USD 25 billion in H1. Consultations and approvals declined even more.
World Bank resources will finance reforms, balance the budget, and boost growth and job creation in the country, which suffers from the high cost of energy and a large inflow of Syrian refugees.
Volume of loans grew by 5.5% last year, according to Brazilian Central Bank.
