The government accounts registered a deficit of R$ 96.096 bn ($17 bn) in August, the worst performance in the historical series, which began in 1997. In 12 months to August, the government presents a deficit of R$ 647.8 bn ($118 bn), equivalent to 8.96% of GDP.
Source: Isto É
Day: September 30, 2020
Fund has $68mm to finance strategies in CLFI for Brazilian producers
The Sustainable Agriculture Finance Facility (SAFF) will offer to Brazilian producers credit to adopt or expand the use of Crop-Livestock-Forestry Integration (ILPF) strategies. In the first year, it will provide $68 million in funding, of which $62 million in producer credit and $6 million to finance certification programmes, research, technology transfer, technical assistance and certification.
Source: Agencia Estado
Mining investment in Brazil expected to reach $40 billion
Investments in mining in Brazil over the next five years are expected to reach around $40 bn, said Wilson Brumer, chairman of the board of the Brazilian Mining Institute (Ibram). According to him, Brazil has enormous potential to be developed, and the expansion of mineral research by the National Mining Agency (ANM) allows the sector to raise its investment projections.
Source: UOL Economia
IRB Brazil: governance changes awarded AAA rating
SP Global has given the IRB Brazil a national AAA rating. According to S&P, recent changes in the board and management will strengthen governance and improve the culture of risk. The new board and CEO are expected to implement changes to improve governance and transparency, improve risk culture and strengthen risk controls and compliance, it says.
Source: Money Times
Copel invests $6.9 mm to double capacity in Parana
Copel announced an investment of R$38 million ($6.9 mm) to expand the power substation located in the municipality of Guaíra. According to the company, the intervention will double the unit’s transformation capacity. The project will increase the unit’s transformation power from 300 to 600 MVA and will integrate a new transmission trunk planned by the Energy Research Company (EPE).
Source: Canal Energia
