Brazil: BNDES provides USD 14.88 million loan to an undisclosed agricultural undertaking under the <i>MODERFROTA</i> scheme (August 2023)
Announcement
31 Aug 2023
In August 2023, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a loan under the Agricultural and Livestock Plan (SAFRA Plan) 2023/2024.
The MODERFROTA credit scheme is subject to local content incentives. As such, so is the BRL 73.22 million (approx. USD 14.88 million) loan to an undisclosed agricultural undertaking, granted on August...
In August 2023, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 73.22 million (approx. USD 14.88 million) loan to an undisclosed agricultural undertaking. Th...