S\u00e3o Paulo \u2013 This Monday (28th), the Brazilian Development Bank announced its first line of credit for Africa, a part of the Exim Autom\u00e1tico <\/i>export financing program. The deal was made possible by an agreement signed with (the Brazilian private bank) Bradesco.<\/p>\n
The Exim Autom\u00e1tico <\/i> program (Automatic Export-Import) finances Brazilian exports by granting credit to importers, via either a foreign bank or a Brazil-based bank with branches abroad which assumes the risk on behalf of the BNDES.<\/p>\n
Up until now, the line was available only to Latin American countries, but the BNDES had been negotiating its expansion into African nations, as reported by ANBA in early April. <\/p>\n
According to the BNDES, the contract provides for US$ 200 million to be passed on to Bradesco branches in foreign countries. The credit will also be available to Latin American countries. <\/p>\n
The BNDES has informed that thus far, it has signed agreements with 30 different banks, at a combined total of US$ 1.4 billion. The program provides financing to exports of capital goods.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Through an agreement with bank Bradesco, the Brazilian Development Bank (BNDES) is offering a US$ 200 million line of credit. The funds may be used in purchasing Brazilian capital goods.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[107],"tags":[],"class_list":{"0":"post-41601","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business-opportunities"},"wps_subtitle":"Through an agreement with bank Bradesco, the Brazilian Development Bank (BNDES) is offering a US$ 200 million line of credit. The funds may be used in purchasing Brazilian capital goods.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41601","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\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=41601"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41601\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=41601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=41601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=41601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}