Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 25 million loan to <i>Gerdau Acos Longos SA</i> under the <i>BNDES limite de crédito</i> scheme (December 2013)

Announcement

03 Dec 2013

In December 2013, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Gerdau Acos Longos SA.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Dec 2013

Revocation date:

No revocation date

Updated: 03 Dec 2013
Local content incentive In force
The BNDES limite de crédito credit scheme is subject to local content incentives. As such, so is the BRL 59 million (approx. USD 25 million) loan to Gerdau Acos Longos SA granted on 3 December 2013 by...
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Updated: 03 Dec 2013
State loan In force
On 3 December 2013, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 59 million (approx. USD 25 million) loan to Gerdau Acos Longos SA. The loan was issued un...
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