Bloomberg News

Brazil Seeks Measures to Increase Investments, BNDES Head Says

March 09, 2012

Brazil’s government is considering measures to spur investments and stimulate long-term financing in Latin America’s biggest economy, said Luciano Coutinho, the national development bank’s president.

“Extending maturity of financial instruments is the most relevant financial agenda in the country today”, Coutinho told reporters in Sao Paulo today. He said there will be an increase in investments and that “the government is discussing stimulus for investments and savings.”

Brazil’s investments fell to 19.3 percent of gross domestic product in 2011 from 19.5 percent a year earlier, according to the national statistics agency, known as IBGE. Coutinho said the rate may be higher than 20 percent this year.

To contact the reporter on this story: Katerina Petroff in Sao Paulo at kpetroff@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


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