Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 865 million loan to <i>Tim Celular SA</i> under the <i>BNDES finem</i> scheme (December 2013)

Announcement

23 Dec 2013

In December 2013, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Tim Celular 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

23 Dec 2013

Revocation date:

No revocation date

State loan In force

On 23 December 2013, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 2036 million (approx. USD 865 million) loan to Tim Celular SA. The loan was issued under...

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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 2036 million (approx. USD 865 million) loan to Tim Celular SA granted on 23 December 2013 by the National B...

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