Global Trade Alert
Global Trade Alert

Brazil: BNDES approves loan to support Duratex

Announcement

31 Mar 2021

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese) approved a loan of BRL 697 million to support the Brazilian company Duratex. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Mar 2021

Revocation date:

No revocation date

Announced: 31 Mar 2021
Local content incentive In force
The BRL 697 million loan (over USD 123.2 million at the time of the announcement) approved to Duratex by the BNDES on 31 March 2021, was distributed via FINAME Direto, one of the credit lines from the...
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Announced: 31 Mar 2021
State loan In force
On 31 March 2021, on a statement for the market, Duratex, a Brazilian company, announced that the BNDES had approved a BRL 697 million loan (ca. USD 123.2 million at the time of the announcement) to s...
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