SAO PAULO (Reuters) – The United States boosted its financial cooperation with Brazil on Monday to help the South American nation’s economic recovery from the coronavirus pandemic with a loan to its largest private bank.
The U.S. International Development Finance Corporation (DFC) has extended a $400 million loan to Itau Unibanco Holding SA ITUB4.SA which should be used to finance small companies in Brazil, DFC said in a statement on Monday.
By Leonardo Benassatto and Carolina Mandl via Reuters