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Brazil: BNDES creates the Prorenova credit line

Description

On January 11, 2012, the BNDES announced the creation of "Prorenova" a BRL 4 billion (USD 2.2 billion) credit line to support the production of sugar cane through financing the renovation of old sugar...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

12 Jan 2012

Revocation date

31 Dec 2013

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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