Brazil’s defense industry will no longer receive financial support from the Bank of Brazil

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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 policy by BB aligns with other private banks that, for […]

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