The Finance Ministry is reviewing R$20 billion in loan requests from
states and cities. Domestic financing represents R$4.5 billion of the
total, while US$3.9 billion are foreign loans. States need federal
clearance to borrow R$16.4 billion of the total, according to a Valor
survey of National Treasury data. Governors have been criticizing the
Finance Ministry for holding back the loans, which they consider crucial
for financing several projects. The ministry says it is developing new
policies to evaluate the loans. “The approval of huge credit
transactions for sub-national entities in the last few years has proven
unsustainable in the new economic scenario,” the ministry says.
valor.com.br 11/19/15
Waldemar Jezler
About Me
- Waldemar Jezler
- For over 30 years, Brazilian-American investment banker Waldemar Jezler has worked in the finance sector. Jezler earned his Bachelor's degree in Civil Engineering from the University of São Paulo in Brazil and then went on to attend Harvard Business School for his MBA. While at Harvard, Jezler was highly involved in extracurricular activities, including a term as President of the Ibero American Club.