10/12/2009

CAPITALIZATION OF PARTS

Brazil announces package of measures to stimulate the economy, with emphasis on exports.

The Minister of Finance, Guido Mantega, announced yesterday, December 9, some measures to stimulate the economy of Brazil.


Among the Government measures is the aid of reinforcements in the region of $ 80 billion to the Banco Nacional de Desenvolvimento Econômico e Social - BNDES - to finance productive investment and development over the next two years.


Another measure was the release of funds to capitalize on up to 30% the auto parts segment.
These and other provisions make clear the priority activities of the country: economic and social infrastructure, purchase of capital goods, exports, science, technology and innovation.