Brazilian finance minister Guido Mantega told a conference on the country’s 2010 economic outlook that an Export-Import (Ex-Im) Bank announcement would be coming within the next two weeks.

The idea, which has been floated publically since at least May last year, would be to provide guarantees on financing for export companies in order to reduce costs for these companies, Mantega said.

At that time, the government said the bank could have 2.6bn reais (US$1.47bn) in funding from export financing program Proex, plus additional funds from national development bank BNDES.

There will be additional measures to aid exporters, the minister said.

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