Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 13.91 million loan to an undisclosed agricultural undertaking under the <i>MODERFROTA</i> scheme (September 2021)

Announcement

30 Sep 2021

In September 2021, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan under the Agricultural and Livestock Plan (SAFRA Plan) 2021/2022.

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

30 Sep 2021

Revocation date:

No revocation date

State loan In force

In September 2021, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 75.67 million (approx. USD 13.91 million) loan to an undisclosed agricultural undertaking....

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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 75.67 million (approx. USD 13.91 million) loan to an undisclosed agricultural undertaking, granted on Septem...

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