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BNDES News Agency
The US Congress approved in the end from last year the creation of the US Department of International Development. Financial Corporation (USIDFC), an institution that seeks to promote development in emerging countries through the promotion of US companies. The Overseas Private Investment Corporation (OPIC), a small government agency established in 1971, is a more powerful bank to finance US private investment in international markets, including
The Proposal to Establish a New Financial Institution, prepared by the Center for Global Development (CGD) in 2011, stresses that, by unifying various instruments and agencies already existing in the country into a new society,
According to the document, the new bank could operate in countries with income intermediaries such as India, Thailand, Turkey, Nigeria and Mexico, developing markets and opportunities offered to entrepreneurial clbades. and thus ensuring the prosperity and stability of these economies. Already in countries facing more serious security and governance challenges, such as Afghanistan, Somalia and Yemen, this institution would complement US-provided humanitarian badistance by stimulating investments that can create jobs and create business opportunities.
development program should provide a comprehensive package of products and services including: loans, guarantees, seed money for investment funds, participation in companies, as well as consulting services and project feasibility studies. The initiative takes as an example the financial institutions of emerging countries that play the role of export financing agency, such as BNDES in Brazil; Exim-Bank Malaysia in Malaysia; and Turk Exim Bank in Turkey, as well as multilateral entities such as the New Development Bank, also known as BRICS Bank.
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