Announcement
13 Jun 2024
In June 2024, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) approved a loan with WEG Drives and Controls (WDC).
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
2 in force
Implementation date
13 Jun 2024
Revocation date:
No revocation date
State loan
In force
On 13 June 2024, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) and WEG Drives and Controls (WDC) signed a BRL 58 million (USD 10.8 million) loan. The loan will ...
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Local content incentive
In force
The BNDES More Innovation credit line is subject to local content incentives. As such, so is the BRL 58 million (USD 10.8 million) loan to WEG Drives and Controls (WDC), granted on 13 June 2024 by the...
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