Building up credit

Resumo

Caixa Economica Federal, the federal government savings bank, has helped to boost the Brazilian economy in the acute crisis that started in the United States in 2008. “We anticipate a new record in real estate credit, from R$23.3 billion [US$13.7billion] in 2008 to approximately R$38.8 billion [US$22.8 billion] in 2009 — a 66.5% rise. As for the My House, My Life program,the target is 400,000 units before the end of 2009,” says Maria Fernanda Ramos Coelho, Caixa’s CEO, in an interview with Klaus Kleber.