Global Trade Alert
Global Trade Alert

Brazil: BNDES provides USD 93 million loan to <i>Veredas Transmissora de Eletricidade SA</i> under the <i>BNDES finem</i> scheme (July 2019)

Announcement

11 Jul 2019

In July 2019, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan to Veredas Transmissora de Eletricidade 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

11 Jul 2019

Revocation date:

No revocation date

State loan In force

On 11 July 2019, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 350 million (approx. USD 93 million) loan to Veredas Transmissora de Eletricidade SA. The lo...

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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 350 million (approx. USD 93 million) loan to Veredas Transmissora de Eletricidade SA granted on 11 July 201...

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