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Brazil - Fourth Agro-industries Credit Project (English)

The Fourth Agro - Industries Credit Project is an integral part of a strategy aimed at transferring dependence from the offical credit system to voluntary commercial lending in the agricultural sector. THe loan funds will be used by the Government to refinance subloans made by accredited participating banks to agroindustrial enterprises to finance the latters investment and associated working capital requirements. The terms on which the Treasury of the Ministry of Finance will refinance these subloans will be designed to enable the Government to recover from the participating banks (PBs) the full costs of obtaining and administrating the Bank loan. The terms on which the PBs would lend to their customers would be a market outcome and, therefore, based essentially on the PB's refinancing costs plus a spread as determined by the market.


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    Staff Appraisal Report

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    Latin America & Caribbean,

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    Brazil - Fourth Agro-industries Credit Project

  • Keywords

    economic and social development bank;foreign exchange risk;agricultural sector;international competitive bidding procedure;efficiency in resource allocation;fiscal drain on governments;Type of Investment;credit line;exchange rate risk;working capital requirements;exchange rate adjustment;conditions of disbursement;financial control system;basket of currency;commercial credit;rate of inflation;project completion date;interest rate adjustment;variable interest rate;food processing establishment;commercial banking system;high growth rate;classification of loans;agricultural raw material;market interest rate;lines of credit;Support for Agriculture;types of finance;capital goods industry;machinery and equipment;resource allocation decision;variety of investment;total social cost;private sector enterprise;food production decline;availability of fund;applicable interest rate;credit funds;Rural Credit;credit subsidy;reserve account;manufacturing sector;subsidized credit;Commitment Fee;financial intermediaries;commercial lending;loan repayment;term credit;market outcome;market yield;fiscal deficit;project costing;management function;principal source;internal procedure;certified copy;weighted average;certified copies;Financing plans;private cost;audit arrangement;administrative cost;loan appraisal;investor confidence;government commitment;investment finance;orange juice;farm credit;discount facility;fiscal burden;grace period;term finance;



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Brazil - Fourth Agro-industries Credit Project (English). Washington, D.C. : World Bank Group.