Brazil plans to simplify private bond issuance procedures to encourage capital market fundraising, as well as a measure to improve legal certainty for international contracts, an official at the Ministry of Economy told Reuters.
The Secretary of Economic Policy, Pedro Calhman, said on Tuesday (29) that these projects are among several in progress in his secretariat to improve legal certainty and reduce the known bureaucracy in the country.
A possible new measure to improve the legal framework of the contracts “should favor both international investment and the access of Brazilian companies to the international market”, he said, without giving further details.
Other measures to increase enforcement of loan guarantees, paving the way for cheaper financing, and turning debt into marketable assets have been sent to Congress and are expected to pass before the October presidential election, Calhman said, referring to projects such as the new milestones. legal guarantee and securitization.
In the same interview, Daniel Reiss, undersecretary for microeconomic policy at the Ministry of Economy, highlighted that the measures are part of efforts to increase economic growth through higher productivity.
“They’re very tiny, sometimes not noticed, but in fact their aggregate impact is what’s important,” he said.
Source: CNN Brasil
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