Brazil to inject up to $8.7 bln into BNDES, source says

RIO DE JANEIRO, Sept 11 Wed Sep 11, 2013 12:14pm EDT

RIO DE JANEIRO, Sept 11 (Reuters) - Brazil's National Treasury is finalizing terms of a capital injection into state development lender BNDES that will allow the country's top source of long-term corporate loans to ramp up disbursements for this year and early 2014, a source with direct knowledge of the situation said on Wednesday.

The injection could reach up to 20 billion reais ($8.7 billion) and may be announced by the end of this month, said the source, who declined to be identified because the matter is still under discussion.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.