Thursday, October 16, 2008

Construction and agriculture may have more credit, says Mantega

The Minister of Finance, Guido Mantega, said this Thursday (17), in an interview with Globo News that the government is already tracking more closely the conditions of the credit for the construction and added that if there is a need, more resources may be released to the industry. 

"The building industry, we are looking at. If there is a lack of resources, we will be in the coming weeks, injecting resources in the same way," he said. Reported that this can be done via "some reinforcement" on lines of credit from banks. "So that they can pass for the civil construction sector," he explained. 

Mantega also said that the government could devote more resources to agriculture, if necessary. Recently, it approved additional $ 5.5 billion. 

This Thursday, the National Monetary Council (CMN) fell extent to which the loans of dollars to be made by the Central Bank, are intended to finciamento of Brazilian foreign trade - which, according to the National Confederation of Industry (CNI), already suffers lack of credit. 

"I think something like $ 5 billion to $ 10 billion may be needed. But I do not know the exact value. We will do what it takes," he added. 

Source: G1

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