Banco do Brasil flags default as rural producers reject renegotiation
State-controlled Banco do Brasil President Tarciana Medeiros stated Thursday (Nov. 12) that some of the medium- and large-scale rural producers in default have refused to pay their debts, renegotiate their loans, or provide new collateral to the bank, even after the bank offered debt restructuring programs with more favorable terms. The statement was made during a conference call discussing the…
We haven't written up this one. Agencia Brasil has the full story — the link below goes straight to it.
