Brazil Slide Series: Collection Sao Paulo, Slide No. 0040.

Creator

Herbert Knup
Jon M. Tolman
Siegfried Muhlhausser

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Publication Date

3-2-2009

Description

Foreign bank affiliates, such as the Banco Frances e Brasileiro, which is linked to major French banks, exist in large numbers. Nevertheless, foreign lending, due to Brazil's large foreign debt has greatly been curtailed. Brazil financed many of its large infrastructure projects, such as the Itaipu dam, the Carajás mining project or the Rio-Niteroi bridge on borrowed money, which greatly increased its foreign debt. Despite a booming export program during the last ten years, Brazil has not managed to generate enough revenues to reduce its over $110 billion debt.Bancos estrangeiros associados, tais como o Banco Francês e Brasileiro, o qual tem ligação com os maiores bancos franceses, existem em grande número; entretanto, empréstimos estrangeiros têm sido bloqueados po r causa da grande dívida externa brasileira. O Brasil financiou muitos de seus grandes projetos de infra-estrutura, tais como a represa de Itaipu, o projeto de mineração Carajás e a ponte Rio-Niterói com dinheiro emprestado, o qual aumentou grandemente sua dívida externa. Apesar da explosão do programa de exportação durante estes últimos dez anos, o Brasil não tem conseguido gerar receita suficiente para reduzir o seu débito de mais de $110 bilhões.

Publisher

Latin American and Iberian Institute / University of New Mexico

Rights

Brazil Slide Series Collection: This article is copyrighted by the Latin American & Iberian Institute (LAII) of the University of New Mexico. Rights permission is for standard academic, non-commercial, use of these materials. Proper citation of this material should include title, author, publisher, date, and URL. Copyright Latin American and Iberian Institute University of New Mexico 1991