World

February 13, 2008 2:44 PM

Banking, consumer-credit boom transforms Brazil

Financial tools that Americans take for granted, such as credit cards and affordable bank loans, seemed like science fiction in this 184 million-person country, where annual interest rates regularly soar into the triple digits. Yet as Brazil enjoys a rare spell of sustained economic growth, millions of people are fueling an explosion in consumer credit and banking services that's transforming the world's 10th biggest economy.

Related content

Comments

Videos

More Videos

Fidel Castro delivers speech to Communist Party, and bids final farewell 01:05

Fidel Castro delivers speech to Communist Party, and bids final farewell

Cuba correspondent discusses Obama's upcoming trip to Havana 00:45

Cuba correspondent discusses Obama's upcoming trip to Havana

Dolphins at the doctor 02:37

Dolphins at the doctor

Here's why the U.S. still has bases on Okinawa 70 years after WWII 04:51

Here's why the U.S. still has bases on Okinawa 70 years after WWII

Chinese company relocates Peruvian town to build mine 01:21

Chinese company relocates Peruvian town to build mine

China hopes to connect South America with transcontinental railway 01:10

China hopes to connect South America with transcontinental railway

Beijing celebrates 70th anniversary of WWII end with military might 01:24

Beijing celebrates 70th anniversary of WWII end with military might

Assad's days have been "numbered" for a very long, long time. 02:05

Assad's days have been "numbered" for a very long, long time.

In China: Bonding through parkour 04:21

In China: Bonding through parkour

Nicaragua's Rama Indians face peril from canal 03:08

Nicaragua's Rama Indians face peril from canal

A canal for Nicaragua 01:04

A canal for Nicaragua

Puerto Principe to support Nicaragua canal 02:24

Puerto Principe to support Nicaragua canal

Share Video

Nation & World Videos