Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 158 million loan to <i>Telefonica Brasil SA</i> under the <i>BNDES finem</i> scheme (December 2008)

Announcement

12 Dec 2008

In December 2008, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Telefonica Brasil SA.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Dec 2008

Revocation date:

No revocation date

Updated: 12 Dec 2008
Local content incentive In force
The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 370 million (approx. USD 158 million) loan to Telefonica Brasil SA granted on 12 December 2008 by the Natio...
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Updated: 12 Dec 2008
State loan In force
On 12 December 2008, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 370 million (approx. USD 158 million) loan to Telefonica Brasil SA. The loan was issued ...
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