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BNDES Funds Fiat Factory

Jan 7, 2013

BNDES has agreed to provide BRL2.4bn ($1.18bn) in funds for a new Fiat automobile factory in...

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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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