Global Trade Alert
Global Trade Alert

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Brazil: FINEP provides USD 19.75 million to local IT company

Description

On 31 July 2014, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of circa BRL 44.9 million (USD 19.75 million at the time of the measure) allocated to Locaweb...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Jul 2014

Revocation date

31 Jan 2017

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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