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Global Deals Review: Q4 2009

Two men shakes hands in this file photo. REUTERS/Files

Hot sectors in a tepid recovery

The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010.   Full Article | Full Coverage 

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Brazil development bank gets $1 bln loan from IADB

Fri Oct 10, 2008 4:23pm EDT

SAO PAULO, Oct 10 (Reuters) - The Inter-American Development Bank has approved a $1 billion loan for Brazil's national development bank BNDES to provide long-term credit to small and medium-size businesses, the IADB said on Friday.

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Some 30,000 businesses may benefit from the funds through a program involving more than 80 Brazilian banks, the IADB said in a statement.

The loan is for 20 years, with a four-year grace period. The BNDES will provide an additional $1 billion in counterpart funds.

Brazil's government has requested that the BNDES step up lending to help ease a credit crunch stemming from the global financial crisis. (Reporting by Todd Benson, editing by Richard Chang)

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