Etiqueta: defense industry
Bank of Brazil resumes support and financing to the Brazilian Defense Industry
One month after announcing the cessation of financing to the Brazilian defense industry, Banco do Brasil (BB) announced that it will resume commercial operations with the sector after a meeting held on Monday, February 26, between the ministers of Development, Industry, Trade, and Services...
Brazil’s defense industry will no longer receive financial support from the Bank of Brazil
The Banco do Brasil (BB) has issued a statement to defense companies, informing them that it will cease financing projects. Henceforth, the responsibility for allocating the corresponding budgetary allocations to fulfill ongoing projects and ensuring planned exports will fall on the Brazilian government.
This new...