The World Bank and Bank of Brazil have finalized a $400 million credit line. This move aims at eco-friendly agriculture and restoring Amazonian regions. This new deal follows last year’s $500 million project. That initiative sought to expand sustainable financing and make carbon credit markets more accessible. Francisco Lassalvia, Vice President of Bank of Brazil’s […]
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Brazil resumes electricity imports from Venezuela after four years
After a four-year hiatus, Brazil’s President, Luiz Inácio Lula da Silva, signed a decree yesterday authorizing the import of electricity from Venezuela. This move marks a departure from the previous administration’s 2019 decision to halt these imports. The goal is to procure energy generated from Venezuela’s Guri hydroelectric power plant to supply the state of […]
Global Commodity Trends This Week
This week in global commodity markets is marked by significant gatherings and developments that could shape industry trends. In Santiago, the Cesco Week and CRU World Copper Conference are underway, spotlighting copper at a time when the metal is showcasing strong market performance. Concurrently, the BNEF Annual Summit in New York is set to host […]
Argentina and Venezuela Lead Latin America’s Recession Tally
Argentina and Venezuela have been identified as the most recession-prone economies in Latin America over the past 70 years, according to data from The Conference Board. Argentina has faced 25 economic downturns since 1951, securing the second spot globally for recession frequency. Venezuela follows suit, ranking ninth worldwide with 20 economic declines during the same […]