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Weekly Report - 04 April 2012 (WR-12-14)
BRAZIL: UK companies can only dream of Bndes
Vince Cable, the UK business secretary, may look wistfully at Brazil, where this week the government delivered a giant Easter Egg in the form of a US$35bn stimulus package for the local manufacturing sector. Of that, a whopping US$25bn is a treasury-backed capital injection for the national development bank, Bndes, to provide subsidised credit for selected “innovative and export oriented” local companies. In the UK coalition government the Liberal Cable has long beat a lonely drum in favour of a state-funded British development bank, to little avail. With total assets nearing US$350bn, Bndes is by far the biggest development bank in the world and its annual lending now exceeds even the World Bank.
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- ARGENTINA: Waving a nationalist flag with each hand
- BRAZIL: UK companies can only dream of Bndes
- PARAGUAY: The challenge of topsy-turvy growth
- TRACKING TRENDS
- VENEZUELA: Spending controls lifted
- COLOMBIA: Farc hostage release marks end of the beginning
- BOLIVIA: Evo quells remaining doubts
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- Campaign begins at frantic pace
- GUATEMALA: Pérez Molina faces indigenous unrest
- COSTA RICA: Ministerial scandal jeopardises tax reform
- TRACKING TRENDS
- Ortega leads a different sort of revolution
- Quotes of the week