Tag : Dilma Rousseff

New Development Bank sells rand-denominated bonds for first time, expert hails move

IFM CorrespondentAugust 28, 2023August 28, 2023

by IFM CorrespondentAugust 28, 2023August 28, 2023

In August 2023, the New Development Bank reportedly issued both R1 billion five-year bond and R500 million three-year note, as the auction attracted R2.67 billion in bids...

Banking

Brazilian central bank resorts to reserve requirement cuts

International Finance DeskJuly 28, 2014

by International Finance DeskJuly 28, 2014

Measure suggests a compromise between hawks at the COPOM and the Rousseff administration July 28, 2014: Citing the slowdown in bank lending, the Brazilian central bank (BACEN) on July 25 announced a reduction in the amount of reserve requirements, totaling about BRL30bn (or 7.5% of the total outstanding amount). Reserve requirements have been utilized by...