Global Trade Alert
Global Trade Alert

Brazil: BNDES provides loan to Grupo Aroeira for expanding its sugar cane production and renewable electricity generation

Announcement

29 Jun 2022

In June 2022, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) approved a loan of BRL 145 million (approx. USD 27.7 million) to support Grupo Aroeira. 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

29 Jun 2022

Revocation date:

No revocation date

State loan In force

On 29 June 2022, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) approved a BRL 145 million (approx. USD 27.7 million) loan to support Grupo Aroeira, particularly...

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Local content incentive In force

The BNDES FINAME Direto credit scheme is subject to local value-added incentives. As such, so is the BRL 145 million (approx. USD 27.7 million) loan to Grupo Aroeira, granted on 29 June 2022 by the Na...

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