LatinNews Daily - 07 February 2023

In brief: New head of Brazil’s BNDES promises ‘Eximbank’ to boost exports

* The new president of Brazil’s state-owned development bank (BNDES), Aloizio Mercadante, has said in his inauguration speech that he intends to establish an import-export bank (Eximbank) “of the sort that exists in the world’s main economies”. Mercadante said that this will form part of the BNDES’s “support for the pre-departure and post-departure of exported goods and services” as part of a strategy to boost exports and better integrate Brazilian goods in global value chains. More generally, Mercadante said that the BNDES will work to “strengthen the development of more digital, clean, circular, innovative, and decarbonised industry,” and that the bank would work in cooperation with the private financial system.

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