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Instruments to tap capital markets for funding in housing and related considerations concerning the Sistema Brasileiro de Poupança e Empréstimo (SBPE) (English)

At the request of the Secretariat of Economic Policy (SPE) at the Brazilian Ministry of Finance (Fazenda), the World Bank carried out a second phase of the Non-Lending Technical Assistance (NLTA) aimed at supporting the Government's ongoing housing sector reform efforts. Work provided under Phase II of the NLTA focused on two interrelated issues : Proposing the introduction of new instruments which will allow lenders to raise long-term funds from the capital markets; and Identifying options to ensure a better alignment of the Sistema Financeiro de Habitação (SFH), with its two pillars SBPE and FGTS, with the introduction of new capital market instruments.


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    Other Financial Sector Study

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    Latin America & Caribbean,

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    Instruments to tap capital markets for funding in housing and related considerations concerning the Sistema Brasileiro de Poupança e Empréstimo (SBPE)

  • Keywords

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Official version of document (may contain signatures, etc)


Instruments to tap capital markets for funding in housing and related considerations concerning the Sistema Brasileiro de Poupança e Empréstimo (SBPE) (English). Washington, D.C. : World Bank Group.