Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 15 million loan to <i>Sitrel, Siderurgica Tres Lagoas Ltda</i> under the <i>BNDES finem</i> scheme (October 2011)

Announcement

14 Oct 2011

In October 2011, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Sitrel, Siderurgica Tres Lagoas Ltda.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

14 Oct 2011

Revocation date:

No revocation date

State loan In force

On 14 October 2011, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 25 million (approx. USD 15 million) loan to Sitrel, Siderurgica Tres Lagoas Ltda. The loa...

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Local content incentive In force

The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 25 million (approx. USD 15 million) loan to Sitrel, Siderurgica Tres Lagoas Ltda granted on 14 October 2011...

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