Finance Minister Laaziz Faid announced that starting next year, all public banks will be able to offer credit to the local agribusiness sector. The measure aims to boost productivity.
Browsing: financing
Financing for financial institutions reached USD 7.8 billion through July. Amount borrowed by consumers has also increased.
Tameed specializes in Islamic law-compliant financing for small and medium enterprises. New funds were raised in funding rounds.
Mubadala Capital energy firm headquartered in Bahia launched at COP28 a renewable fuel project based on the oil harnessed from macaúba, a Brazilian native fruit.
The IMF expects a GDP growth rate lower than in 2022 but still at a “strong” pace. Inflation is slowing down and international reserves are “comfortable.”
An International Monetary Fund mission warned that geopolitical tensions and environmental challenges could affect the country’s growth.
Emission reductions, climate adaptation, carbon market regulation, and process transparency are other themes the CNI will follow at the Climate Conference, to take place in Egypt from November 6 to 18.
The 2022/2023 Brazilian agribusiness financing plan (Plano Safra) will make BRL 340.8 billion (about USD 65 billion) available to agribusiness. The amount is 36% higher compared to the previous year’s credit.
Ten credit operations have been approved this month by the state-run bank for investment in distributing companies in several states across Brazil.
The credit line will finance reforms for private investments promotion, small businesses, social program and alternative energy.
Loans made by Brazil’s state-run BNDES amounted to slightly over USD 5.5 billion in Q1, but approvals were up 11%.
