Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 11 million loan to <i>Ferrari Agroindustria SA</i> under the <i>BNDES finem</i> scheme (September 2018)

Announcement

06 Sep 2018

In September 2018, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Ferrari Agroindustria 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

06 Sep 2018

Revocation date:

No revocation date

State loan In force

On 6 September 2018, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 43 million (approx. USD 11 million) loan to Ferrari Agroindustria 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 43 million (approx. USD 11 million) loan to Ferrari Agroindustria SA granted on 6 September 2018 by the Nat...

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