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Fintech ZINK, Incorporates Operations of Size, a Fintech Leader in Receivables Financing

Fintech ZINK, Incorporates Operations of Size, a Fintech Leader in Receivables Financing
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Lula to use BNDES for greater State role in economy

In contrast with his predecessor, Brazil's President Luiz Inácio Lula da Silva is a strong advocate for greater State participation in the economy, and the development bank figures to play a key role in that transition.

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IFC funds electric car loans in Brazil

IFC funds electric car loans in Brazil IFC funds electric car loans in Brazil December 23, 2020 World Bank s private sector division arranges $265 mln in financing for Banco Alfa LoansDebtCoronavirusBrazilUSESGRenewableElectricity The International Finance Corporation (IFC), the private sector division of the World Bank Group, said Tuesday that it had arranged $265 million in financing for Banco Alfa to offer loans for the acquisition of flexible-fuel, electric and hybrid vehicles. IFC supplied $100 million from its own account and mobilized $65 million in financing from Itaú BBA, Santander, and Banco de Occidente. It also expects to release another tranche for $100 million in 2021, IFC said in a press release.

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