Brazil’s Development Bank Pledges $18 Billion to Boost Car Sector
Aloizio Mercadante, BNDES leader, announced a 90 billion Brazilian reais ($18 billion) commitment to the automotive sector for 2023 and 2024. He stated the aim was initially 300 billion reais ($60 billion) under President Luiz Inácio Lula da Silva. Now, they expect to exceed this. Mercadante spoke about Brazil's economic improvements. He mentioned stable inflation […]