by some 5% this year, planning minister Paulo Bernardo estimates it will grow by closer to 6%.
the recent global financial crisis, grew by a slower 15% in 2009.
against external shocks, had $9.35 billion at end-2009, when international reserves neared $239 billion.
WorldVest, a global merchant bank based in New York, is launching its first Brazilian investment vehicle. The WorldVest Brasil Finance FIDC will focus on the country’s underserved consumer finance market. The securitized finance fund will consist of senior and subordinated shares and is scheduled to receive an S&P; rating based on its credit portfolio collateral. The fund will invest initially in retail consumer direct credits and credit cards.