The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 86 million (approx. USD 48 million) loan to Vale SA granted on 29 June 2010 by the National Bank for Econom...
On 29 June 2010, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 86 million (approx. USD 48 million) loan to Vale SA. The loan was issued under the BNDES fin...