Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 13.94 million loan to an undisclosed agricultural undertaking under the <i>MODERFROTA</i> scheme (August 2020)

Announcement

31 Aug 2020

In August 2020, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan under the Agricultural and Livestock Plan (SAFRA Plan) 2020/2021.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

31 Aug 2020

Revocation date:

No revocation date

State loan In force

In August 2020, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 76.25 million (approx. USD 13.94 million) loan to an undisclosed agricultural undertaking. Th...

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Local content incentive In force

The MODERFROTA credit scheme is subject to local content incentives. As such, so is the BRL 76.25 million (approx. USD 13.94 million) loan to an undisclosed agricultural undertaking, granted on August...

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