The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 103 million (approx. USD 63 million) loan to Vale SA granted on 25 March 2011 by the National Bank for Econ...
On 25 March 2011, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 103 million (approx. USD 63 million) loan to Vale SA. The loan was issued under the BNDES f...