{"id":53838,"date":"2016-04-14T16:30:00","date_gmt":"2016-04-14T18:30:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/development-bank-slashes-export-funding-rates\/"},"modified":"2019-06-30T12:53:42","modified_gmt":"2019-06-30T15:53:42","slug":"development-bank-slashes-export-funding-rates","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/development-bank-slashes-export-funding-rates\/","title":{"rendered":"Development bank slashes export funding rates"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; The Brazilian Development Bank (BNDES) announced this Wednesday (14) improvements in credit lines of the Exim Pre-shipment type, aimed at companies that produce to export, with a reduction in interest rates from between 11.13% and 15.75% per year to between 9.1% and 11.53% per year. In addition to this, a new credit line was created, designed for innovation products with the potential to be sold abroad.<\/p>\n<p>According to BNDES&rsquo;s president, Luciano Coutinho, the new credit lines of the Exim Pre-shipment type include the Long Term Interest Rate (TJLP), currently set at 7.5% per year, plus spread costs (the difference between the cost to raise the funds and the price charged when granting the loan). In the case of the &#8216;capital goods production&#8217; and &#8216;micro, small and medium-sized companies&#8217; categories, the basic cost is entirely based on the TJLP, which allowed for a reduction of spread costs.<\/p>\n<p>With the new conditions, the&nbsp;government expects the demand for credit lines of the Exim Pre-shipment type to show the potential to reach BRL 15 billion (USD 4.32 billion), against an initial forecast of BRL 4 billion (USD 1.15 billion). &ldquo;These are resources from the bank&rsquo;s standard budget. There aren&rsquo;t new resources. What we are doing is using the resources available in a more efficient way&rdquo;, said Coutinho.<\/p>\n<p>With the new configuration, the credit terms for the exporting industry now are: interest rates of 9.1% per year and a term of 36 months for innovation companies; interest rates of 9.1% per year and a term of 30 months for micro, small and medium-sized companies; interest rates of 11.53% per year and a term of 24 months for consumption goods.<\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-180327\">Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The fees on credit lines of the Exim Pre-shipment type declined 11.13% to 15.75% per year to 9.1% to 11.53% annually. The government expects the demand to reach BRL 15 billion (USD 4.32 billion).<\/p>\n","protected":false},"author":2315,"featured_media":180327,"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-53838","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"The fees on credit lines of the Exim Pre-shipment type declined 11.13% to 15.75% per year to 9.1% to 11.53% annually. The government expects the demand to reach BRL 15 billion (USD 4.32 billion).","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53838","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\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=53838"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/180327"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=53838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=53838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=53838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}