Brazilian businesses small and medium from the states of Rio Grande do Sul, Santa Catarina and Paraná, all in the South of Brazil, should have an export financing program, as announced by Brazilian authorities.
Representatives of the Inter-American Development Bank (IADB) and directors of the Regional Development Bank of the Far South (BRDE) met July 1st, in the city of Porto Alegre, capital of Rio Grande do Sul, to set the implementation.
According to information disclosed by the government of the state of Rio Grande do Sul, the funds will be supplied by the IADB and will then be forwarded to Southern businessmen by the BRDE.
"The bank wants to be a partner with the initiative, because it is familiar with the potential clients and the reality of the South region, where it has operated for 48 years," stated in a press release the chairman of the BRDE, Mario Bernd.
From January to May, exports from the three states totaled US$ 11.8 billion, Rio Grande do Sul ranking first, with US$ 4.82 billion, followed by Paraná, with US$ 4.43 billion, and Santa Catarina, with US$ 2.55 billion. The main products shipped were: soy, tobacco, shoes, chicken meat, motocompressors and sugar.
According to the coordinator of the IADB Integration and Trade Support Program, Fabrizio Opertti, the BRDE was chosen for its capacity to supply technical follow-up and identify projects with potential. Enterprises located near border regions will be a priority within the program.
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