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Brazil’s Development Bank announces a US$1.3 billion credit from China

By Ana Carolina Curvello

The National Bank for Social Development (BNDES) president, Aloizio Mercadante, announced that the China Development Bank would lend R$6.5 (US$1.3) billion to Brazil.

The announcement was made to journalists on Friday (14) at a press conference in China.

According to Mercadante, the resources of the credit operation with the Chinese bank will be transferred in two processes.

The first is a R$4 billion loan over ten years . . .

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