July 30, 2012 / 5:02 PM / 5 years ago

Brazil's BNDES to speed up disbursements through 2015

SAO PAULO, July 30 (Reuters) - Brazil’s state development bank BNDES plans to speed up the pace of loan disbursements through 2015 to help kick-start economic growth in Latin America’s largest economy, a top official at the lender said on Monday.

The bank will disburse 8 percent more in loans per year through the next four years from a pace of about 6 percent now, BNDES President Luciano Coutinho said at an event in São Paulo.

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