Global Trade Alert
Global Trade Alert

Brazil: BNDES creates the Prorenova credit line

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

Updated: 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 o...

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