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BNDES to Fund Mining Project

May 18, 2012

BNDES has approved a BRL333m ($169m) 8-year loan facility to Canadian mineral resource exploration and development company Largo Resources, Largo says. The real-denominated facility supporting development of...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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