US #ExImBank extending $1B in export credit for Brazil’s #infrastructure sector
Ex-Im Bank is betting on Brazil’s infrastructure! Fred P. Hochberg, the Chairman & President of the Export-Import Bank of the US, announced in Brazil over the weekend that the Ex-Im Bank has authorized $1 billion in export credit for infrastructure projects for the State of Rio de Janiero.
"Brazil is an emerging economy with extensive infrastructure needs, and this authorization will provide further opportunities for American exporters and small business owners," said Hochberg.
Through Ex-Im Bank, the State of Rio de Janiero will have access to $1 billion in financing for buying goods and services from U.S. exporters. Rio State will use these goods and services for various infrastructure projects, including those associated with Flood Relief, the World Cup, and the Olympics. Brazil is expected to spend $200 billion in additional infrastructure across the country.
Learn more about investing in Brazilian infrastructure at Infrastructure Investment World Brasil.