Reuters logo
Brazil's BNDES disagrees with gov't plan to reimburse Treasury
September 14, 2017 / 2:30 PM / 10 days ago

Brazil's BNDES disagrees with gov't plan to reimburse Treasury

RIO DE JANEIRO, Sept 14 (Reuters) - The president of Brazilian state development bank BNDES on Thursday said he disagreed with a government plan for the bank to return 180 billion reais ($57.4 billion) to the National Treasury to cover weak revenues.

In an event in Rio de Janeiro, BNDES President Paulo Rabello de Castro said the bank will do all it can to help but not under the government’s proposed terms.

$1 = 3.14 reais Reporting by Rodrigo Viga Gaier; Writing by Bruno Federowski

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below