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Tag: Credit

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Banks in Brazil will have to allocate approximately R$6 billion from rural deposits and savings to small farmers, announced Brazil’s National Monetary Council (CMN) on Thursday. "The change will...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –More than 59 million people in Brazil were in debt at the end of July due to high unemployment rates and economic difficulties faced by Brazilian households, according to data from...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Caixa Econômica Federal, the second largest government-owned financial institution in Latin America, announced yesterday (April 11th) the reduction of interest rates on credit cards, which now ranges from 8 to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Along with his economic team and Congressional representatives, Brazil’s President Michel Temer announced on Thursday a set of ten measures that the government hopes will reverse the country’s worst recession...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The National Confederation of Trade in Goods, Services and Tourism (CNC) reported yesterday, July 13th, that the Consumer Intention of Families was stable from June to July this year. However,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In the first five months of this year judicial recovery requests in Brazil increased by 95 percent in comparison to the same period last year, according to a survey conducted...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – After Brazil suffered its worst GDP decline in over 25 years, an increasing number of businesses are now starting to default on their debts. A survey released on Wednesday (April...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government announced on Thursday measures to boost production and recover the country’s growth, including a credit injection of R$83 billion (US$20.4 billion) into the economy. Among the measures...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With declining credit supply and no forecast of an improvement in the economy in the short-term, many Brazilians have resorted to the consortium system to help pay for durable goods...

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