Brazil Government To Create Exim Bank, Boost Export Incentives

(, Brasilia, 5 May 2010) Hoping to rein in a widening current account deficit, Brazil’s government Wednesday announced the creation of a national export-import bank and unveiled a long-awaited list of incentives aimed at boosting the country’s exports. The bank will be created on the foundation of the Finame industrial financing agency at the country’s BNDES National Development Bank.