Author: Latin America News
Publish date: 2023-05-25 16:19:34
www.riotimesonline.com
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By Guilherme Grandi
Brazil’s Vice President Geraldo Alckmin announced, on Thursday morning (25), that the National Bank of Economic and Social Development (BNDES) will implement a financing line of R$4 billion (US$790 million) for Brazilian exporting industries with interest at 7.5% per year, with a fixed rate in dollar and two years of grace.
According to Alckmin, industries can access dollar financing without exchange rate variation risk.
“It receives in dollars, so if the dollar goes up, what it receives goes up. If the dollar falls, what they receive falls,” he said, mentioning that the new . . .
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