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Fernando Haddad - 1 Haddad - 1
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Argentina Wall Silicon Brazil Brazilian Beijing China
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Search resuls for: "Brazilian Treasury"


2 mentions found


☆ Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage
  + stars: | 2023-08-23 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +2 min
Brazil's finance minister proposed the use of yuan guarantees for its trade with Argentina. This would help bring security to Brazilian companies as Argentina faces a dollar shortage. This comes as Argentina faces a shortage of dollars, which is the dominant currency in global trade. Using yuan guarantees would take away default risk, and the idea has been green lit by the Brazilian Treasury. AdvertisementAdvertisementAnd Argentina said in April it will pay for imports from China in the yuan instead of US dollars.
Persons: Fernando Haddad, Haddad Organizations: Service, Finance, Banco, Brazilian Treasury Locations: Argentina, Wall, Silicon, Brazil, Brazilian, Beijing, China
☆ Brazil's Treasury to receive $8.5 billion from development bank BNDES this year
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: +1 min
BRASILIA, Oct 25 (Reuters) - Brazil's Treasury will receive 45 billion reais ($8.5 billion)from loans it has granted to development bank BNDES in the past, the Economy Ministry said on Tuesday, an action that will help reduce the country's gross debt. The amount still owed by BNDES totals 69.1 billion reais, and the bank will pay the Treasury 45 billion reais by November 30th, the ministry said in a statement. The remaining 24.1 billion reais will be paid off by November 30, 2023, it added. Between 2008 and 2015, under the administrations of the leftist Workers Party (PT), the Brazilian Treasury transferred more than 500 billion reais to the development bank, weakening public finances and squeezing commercial lenders out of capital markets. According to the latest data from the central bank, Brazilian gross debt stands at 77.5% of GDP.
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