Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 17 million loan to <i>Itafos Mineracao Ltda</i> under the <i>BNDES finem</i> scheme (October 2011)

Announcement

27 Oct 2011

In October 2011, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Itafos Mineracao Ltda.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

27 Oct 2011

Revocation date:

No revocation date

State loan In force

On 27 October 2011, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 28 million (approx. USD 17 million) loan to Itafos Mineracao Ltda. The loan was issued un...

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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 28 million (approx. USD 17 million) loan to Itafos Mineracao Ltda granted on 27 October 2011 by the Nationa...

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