Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 52 million loan to <i>Largo Vanadio de Maracas SA</i> under the <i>BNDES finem</i> scheme (June 2012)

Announcement

22 Jun 2012

In June 2012, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Largo Vanadio de Maracas SA.

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

22 Jun 2012

Revocation date:

No revocation date

State loan In force

On 22 June 2012, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 109 million (approx. USD 52 million) loan to Largo Vanadio de Maracas SA. The loan was issue...

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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 109 million (approx. USD 52 million) loan to Largo Vanadio de Maracas SA granted on 22 June 2012 by the Nat...

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