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Brazil Stimulates Local Debt Market

Dec 17, 2010

Brazil’s government enacted several changes aimed at stimulating the local debt markets. Among the announced changes, the IOF tax on debentures will be eliminated. This does not include the IOF tax levied on foreign investors bringing funds into the country, but a...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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