Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 60 million loan to <i>Vale SA</i> under the <i>BNDES finem</i> scheme (September 2012)

Announcement

24 Sep 2012

In September 2012, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Vale SA.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Sep 2012

Revocation date:

No revocation date

Updated: 24 Sep 2012
Local content incentive In force
The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 121 million (approx. USD 60 million) loan to Vale SA granted on 24 September 2012 by the National Bank for ...
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Updated: 24 Sep 2012
State loan In force
On 24 September 2012, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 121 million (approx. USD 60 million) loan to Vale SA. The loan was issued under the BND...
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