Announcement
11 Jan 2012
The Brazilian National Development Bank (i.e. BNDES by its acronym in Portuguese) launched the Prorenova credit line to encourage the production of sugar cane.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
12 Jan 2012
Revocation date:
31 Dec 2013
Announced: 11 Jan 2012
State loan
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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