Global Trade Alert
Global Trade Alert

Brazil: BNDES allocates BRL 304.4 million to a Brazilian business group

Announcement

08 Mar 2021

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese), allocated a BRL 304.4 million to Tramontina Group. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

08 Mar 2021

Revocation date:

No revocation date

Announced: 08 Mar 2021
Local content incentive In force
The BRL 304.4 million loan (over USD 53 million at the time of the announcement) allocated to Tramontina Group by the BNDES on 8 March 2021, was distributed via FINAME Direto, one of the credit lines ...
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Announced: 08 Mar 2021
State loan In force
On 8 March 2021, the BNDES announced the approval of BRL 304.4 million loan (USD 53 million at the time of the announcement) to support the investments of Grupo Tramontina, a Brazilian group with acti...
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