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Global Trade Alert

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Brazil: BNDES and WEG Drives and Controls sign loan to finance innovation plan

Description

On 13 June 2024, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) and WEG Drives and Controls (WDC) signed a BRL 58 million (USD 10.8 million) loan. The loan will ...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

13 Jun 2024

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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