Brazil: Additional resources to BNDES for implementing the Pronaf and Moderfrota schemes

Announcement

29 Aug 2023

In August 2023, the government of Brazil allocated additional resources to the National Bank for Economic and Social Development (BNDES in Portuguese) for the implementation of the credit Programme for Modernisation of Fleet of Agricultural Tractors and Associated Implements and Harvesters (Moderfrota in Portuguese) and the National Programme for Strengthening Agriculture (Pronaf in Portuguese).

Source

Number of interventions

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Aug 2023

Revocation date:

30 Jun 2024

Updated: 19 Sep 2023

Local content incentive

On 29 August 2023, the Ministry of Agriculture, Livestock and Farming of Brazil granted an additional budget to the National Bank for Economic and Social Development (BNDES in Portuguese) for its impl...