Clipping of news on Brazilian Culture, Law and Citizenship
13/02/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Loans for tourism grew over 1200 % in 13 years in Brazil
SAO PAULO - In the past 13 years, the budget line for tourism achieved growth of over 1,200 % in Brazil . According to the the Minister of Tourism , Gastão Vieira in 2003 , when the Tourism Ministry ( Ministry of Tourism ) was created , there was a connection with public banks to create specific lines for the sector . Since then , the volume of loans showed breakthrough , reaching 2013 with an aggregate of R$ 58.38 billion in eleven years.
Only in 2013 , credit in Brazil intended for this purpose totaled R$ 13.5 billion. Caixa Economica Federal and Banco do Brazil were public institutions that funded the most tourism market in the period . Together , they accounted for 85 % of the volume of loans released to companies in the sector , which represents R$ 11.45 billion .
The CEF , which also provides credit to the consumer line, closed in 2013 with R $ 7.16 billion in funding for tourism. The volume equivalent to 53 % of the total. Already the Bank of Brazil , with R$ 4.28 billion, participated with 32 % .
Beyond CEF and Bank of Brazil , the total value empéstimo also considers the operations performed by Northeast Bank and Banco da Amazônia and part of the computed by BNDES ( National Bank for Economic and Social Development ) . Various sectors of the tourism industry such as hotels , restaurants , transport companies and travel agencies have benefited .
Source : MSN.com
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This article was translated by an automatic translation system, and was therefore not reviewed by people.