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7th
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The two main Brazilian public financial institutions, government-controlled Banco do Brasil and wholly government-controlled Caixa Econômica Federal, have announced a programme for the automotive supply chain that may top BRL12bn/$3.15bn in new disbursements. A protocol signed recently envisages automakers' lobby group Anfavea and Sindipeças (the suppliers' union) acting as intermediaries in financial cooperation between the two banks, automakers and strategically important auto parts suppliers.