The BNDES limite de crédito credit scheme is subject to local content incentives. As such, so is the BRL 867 million (approx. USD 398 million) loan to Vale SA granted on 8 April 2009 by the National B...
On 8 April 2009, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 867 million (approx. USD 398 million) loan to Vale SA. The loan was issued under the BNDES l...