Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 357 million loan to <i>Vale SA</i> under the <i>BNDES finem</i> scheme (May 2014)

Announcement

19 May 2014

In May 2014, 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

2 in force

Implementation date

19 May 2014

Revocation date:

No revocation date

State loan In force

On 19 May 2014, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 800 million (approx. USD 357 million) loan to Vale SA. The loan was issued under the BNDES fi...

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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 800 million (approx. USD 357 million) loan to Vale SA granted on 19 May 2014 by the National Bank for Econo...

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