Brazil Expecting Several Loans from Japan’s JBIC

Brazilian institutions and enterprises will sign next Friday, May 27, in Tokyo, with Japanese partners, nine agreements that may result in investments of US$ 2 billion in Brazil, according to the Directorate of Trade Promotion of Brazil’s Ministry of Foreign Relations.

Japan Bank for International Cooperation (JBIC) may become the main Brazilian partner. The bank may sign agreements with Brazilian Petrobras – Petróleo Brasileiro S.A., the National Bank of Economic and Social Development (BNDES), the Ministry of Science and Technology, and Companhia Vale do Rio Doce (CVRD).

A loan negotiated between Petrobras and Japanese investors may direct US$ 900 million for a modernization project of the Vale do Paraí­ba Refinery.

The agreement between BNDES and JBIC may bring to the Brazilian bank US$ 500 million for businesses credit lines. The Ministry of Science and Technology may provide JBIC loans for Clean Development Mechanism projects, established in the Kyoto Protocol.

Among other companies, the Sumitomo Mitsui Banking Corporation (SMBC) and the Mitsubishi Corporation are also involved in the agreements.

Negotiations entail the participation of Mitsubishi in oil exploration in Brazil, possible exportation of ethanol and of Brazilian software to Japan, as well as the expansion of activities of Petrobras, Bank of Brazil, and CVRD.

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Ethanol and Biodiesel Part of Brazil’s Newly Created Agro-Energy Company

The utilization in Brazil of agricultural raw material to produce energy will receive greater ...

Tempered Optimism in Brazilian Market Rebound

Brazilian stocks rose thanks to a rebound in Brazilian issues. Yesterday, investors had reacted ...

Common Goals and Challenges in Brazil-US’s Agenda

The United States and Brazil share an important common agenda to further democracy in ...

Brazilian Loan to Angola to Be Secured by Oil

The Brazilian government will grant the government of Angola US$ 580 million in credit ...

Brazil Opens New Lines of Trade with Mexico and Italy

At a meeting this Monday, June 12, in the Itamaraty Palace, Brazil’s Foreign Relations ...

Brazil’s Foreign Debt Falls US$ 1.6 Bi to US$ 200 Billion

Brazil’s balance of payments (revenues minus expenditures, excluding interest payments) yielded a US$ 3.576 ...

Brazil Threatens China with 35% Surtax on Shoes

Brazil is studying the possibility of slapping a 35% surtax on foorwear imports from ...

Brazil’s Agriexports Keep Collecting Records

Brazilian exports reached US$ 2.031 billion last week, down 28.31% when compared to the ...