Authors
Topic of this edition:
On September 21, 2017, the Brazilian Government finally converted into law the Executive Act No. 777/2017, which created the new market-based rate (TLP) that will replace the long-term corporate lending rate (TJLP) as a benchmark for loans granted by the Brazilian Development Bank (BNDES). By adopting this measure, BNDES is trying to reduce subsidized lending, apply stricter criteria for financing and achieve a steep increase in the benchmark interest rate it has long used.
Related Capabilities
Practices –
Latest Perspectives
-
September 222023
Stay up-to-date on our perspectives
Subscribe to Email