Move Brasil will be announced at Bahia Farm Show with R$ 14 billion for financing agricultural machinery, says the Minister of Agriculture.

The Minister of Agriculture and Livestock (Mapa), André de Paula, announced this Tuesday (2), in the capital of São Paulo, that the federal government will announce at the Bahia Farm Show, which begins next Monday (8), in Luís Eduardo Magalhães (BA), that the Move Brasil program will offer R$ 14 billion in credit for the financing of agricultural machinery. At Agrishow, Vice President Geraldo Alckmin had said that the volume would be around R$ 10 billion. According to André de Paula, interest rates for operations linked to BNDES will be 8.5% and with other authorized financial institutions the rate will be 9.5%. According to the minister, contracts can already be made from the announcement on Monday (8). 

This text was translated by machine from Brazilian Portuguese.