US Export-Import Bank Signs Deal to Finance US$1 Billion in Trade with Brazil

Brazil’s Economy Minister Paulo Guedes said the agreement comes at the right time for Brazil, which is trying to deregulate and liberalize many areas of its economy, will boost bilateral trade, and help align regulatory frameworks.

RIO DE JANEIRO, BRAZIL - Brazil and the United States signed a memorandum of understanding to forge closer trade links, a step that could see U.S. Export-Import Bank finance up to US$1 (R$5.6) billion of exports to and projects in the Latin American nation.

According to Brazil’s economy ministry, the agreement will see Exim-Bank expand loans, guarantees and insurance to fund investment projects in Brazilian energy, mining, manufacturing, infrastructure, logistics and telecommunications, as well as other areas.

Brazil’s Economy Minister Paulo Guedes said the agreement comes at the right time for Brazil, which . . .

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