{"id":14547,"date":"2004-07-22T12:16:00","date_gmt":"2004-07-22T14:16:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/bndes-to-release-financing-for-working-capital\/"},"modified":"2019-06-30T17:27:33","modified_gmt":"2019-06-30T20:27:33","slug":"bndes-to-release-financing-for-working-capital","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/bndes-to-release-financing-for-working-capital\/","title":{"rendered":"BNDES to release financing for working capital"},"content":{"rendered":"<p><P><STRONG>Ag\u00eancia Brasil<\/STRONG><\/P><br \/> <P>S\u00e3o Paulo &#8211; The president of the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econ\u00f4mico e Social, BNDES), Carlos Lessa, reports that the institution will approve a new line of credit for corporate working capital by next week. The amount involved should be over US$826 million (R$2.5 billion).<\/P><br \/> <P>The funding will be available to both small and big companies. Lessa says the principal requirement is that the money is used to create jobs. &quot;If jobs are created, we are willing to make an attractive offer consisting of long terms and comfortable interest rates,&quot; explained Lessa.<\/P><br \/> <P>The president of the S\u00e3o Paulo Federation of Industries (Fiesp), Hor\u00e1cio Lafer Piva, declared that any injection of resources is welcome because Brazil has a low volume of credit. He pointed out that whereas in developed nations the credit supply (and corresponding demand) runs to as much as 120% of GDP, in Brazil it is around 30%.<\/P><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ag\u00eancia Brasil S\u00e3o Paulo &#8211; The president of the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econ\u00f4mico e Social, BNDES), Carlos Lessa, reports that the institution will approve a new line of credit for corporate working capital by next week. The amount involved should be over US$826 million (R$2.5 billion). The funding will be available<\/p>\n","protected":false},"author":1454,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-14547","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/14547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/1454"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=14547"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/14547\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=14547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=14547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=14547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}