Brazil to borrow less from Sweden to fund Gripen project this year

Brazil has cut the amount of funds it will borrow from Sweden’s export credit agency SEK to pay for the purchase of 36 Gripen fighters.

Saab 39 Gripen NG Demo, Sweden - Air Force AN1752819
By Mike Freer – Touchdown-aviation [GFDL 1.2 or GFDL 1.2], via Wikimedia Commons

The decision stems from a move by Finance Minister Joaquim Levy to freeze the budget.

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