segunda-feira, 2 de fevereiro de 2009

Brazil Has Enough Reserves for Funding, Meirelles Tells Valor

By Laura Price
Feb. 2 (Bloomberg) -- Brazil has sufficient international reserves to continue guaranteeing loans that banks make to Brazilian companies and help finance exports, Central Bank President Henrique Meirelles told Valor Economico.
Brazil’s central bank has enough funds to maintain financing for a few years, Meirelles told the Sao Paulo-based newspaper in an interview in Davos, Switzerland. The government will start a program this week to lend to companies having difficulty rolling over international debt, the newspaper quoted him as saying.
Brazil is one of only a few countries that has the ability to finance its own credit needs for foreign trade and is likely to recover from the financial crisis more quickly than other countries, the central bank president told Valor.

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