São Paulo – From January to September this year, R$ 9.6 billion (US$ 3.7 billion) worth of credit was granted by government banks in Brazil, to be used in implementation, expansion, modernization or as working capital by the tourism industry. The amount is up 4.8% from the R$ 9.2 billion (US$ 3.6 billion) in the comparable year-ago period.<\/p>\n
“The expansion of credit for tourism is the outcome of the recognition, on the part of banks, of the importance of tourism as an economic activity. The ministry is putting in great efforts to show financial institutions that the industry is worth investing in,” said the minister of Tourism, Vinicius Lages, according to information released by the ministry. <\/p>\n
The Brazilian Federal Savings Bank accounted for 52.7% of financing, followed by the Bank of Brazil, at 38.4%. The bulk of demand originated from the hotel industry. Since 2003, when records started being kept by the Ministry of Tourism, until September this year, R$ 68 billion (US$ 26.5 billion) were disbursed. <\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Credit granted by government banks to the tourism industry in Brazil amounted to US$ 3.7 billion from January to September this year. The bulk of demand originated from hotels.<\/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":[91],"tags":[],"class_list":{"0":"post-49510","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Credit granted by government banks to the tourism industry in Brazil amounted to US$ 3.7 billion from January to September this year. The bulk of demand originated from hotels.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/49510","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=49510"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/49510\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=49510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=49510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=49510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}