X
XLinkedinWhatsAppTelegramTelegram
0

Brazil – Creation of a fund for the agroalimentary sector

The Brazilian government is preparing the creation of a fund that will guarantee the survival of the agroalimentary sector. The objective is for the Bank of Brazil (70% of the shares are owned by the government) to manage the fund, since the bank has a long tradition of giving credit to the rural sector. The value of the fund would be 3,350 million euros.
8 July 2009
X
XLinkedinWhatsAppTelegramTelegram
0
The Brazilian government is preparing the creation of a fund that will guarantee the survival of the agroalimentary sector. The objective is for the Bank of Brazil (70% of the shares are owned by the government) to manage the fund, since the bank has a long tradition of giving credit to the rural sector. The value of the fund would be 3,350 million euros.

Producers claim that the international crisis and the agricultural debts built up in recent years are stopping the banks from giving credit. The fund, depending on the guarantees, would be orchestrated to give backing to the indebted producer.

(Original in Spanish. Read Google translation here).

http://www.mapa.es/ministerio/pags/notexterior/pdf/bo223.pdf

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

You are not subscribed to this list Swine News

Swine industry news in your email

Log in and sign up on the list

Welcome to 333

Connect, share, and interact with the largest community of professionals in the swine industry.

Celebrating 138142Users on 333!

Sign upAlready a member?

The most...

tags

Sign up
login