{"id":51000,"date":"2015-05-14T17:20:00","date_gmt":"2015-05-14T19:20:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/development-bank-financing-down-24\/"},"modified":"2019-06-30T13:00:07","modified_gmt":"2019-06-30T16:00:07","slug":"development-bank-financing-down-24","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/development-bank-financing-down-24\/","title":{"rendered":"Development Bank financing down 24%"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The Brazilian Development Bank (BNDES, in the Portuguese acronym) reported this Thursday (14th) that it supplied R$ 33.3 billion (US$ 11 billion) worth of financing in quarter one 2015, down 24% from Q1 2014. <\/p>\n<p>The amount of loan quotations was down 47% year-on-year in Q1, to R$ 21 billion (US$ 6.9 billion). Loans approved reached R$ 25 million (US$ 8.2 million), down 46%. Quotations reflect corporate interest in borrowing long-term, and loans approved are those still pending processing. <\/p>\n<p>According to BNDEs, the results took a hit from its new operational policy, whereby the Long-Term Interest Rate (TJLP) has a lessened influence on financing. The TJLP is lower than general market rates. Moreover, the maximum rate the BNDES can cover for any given project has been reduced. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Brazilian state-run institution disbursed US$ 11 billion in loans in quarter one. A more restrictive operational policy affected the results.<\/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-51000","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Brazilian state-run institution disbursed US$ 11 billion in loans in quarter one. A more restrictive operational policy affected the results.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51000","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=51000"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51000\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=51000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=51000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=51000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}