Inception date: 18 Dec 2014 | Removal date: open ended
Still in force
Brazilian Development Bank (BNDES) announced to finance the biofuel producer Biovertis Produçăo Agrícola Ltda. with a 139.3 million real (USD 46.38 million) loan to improve its cane sugar management system.
The measure is considered to be discriminatory since the Brazilian Development Bank provides credits with below-market interest rates only to legal persons (private or public) based in Brazil.