IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 11 Jun 2015 | Removal date: 02 Nov 2015
Still in force

Trade finance

In June 2015, the Brazilian Development Bank (BNDES) provided Construtora Norberto Odebrecht SA with post-export credit for a project involving the exporting of goods and services destined to the construction of metro line number 5 in Caracas.

The post-export credit agreement was signed on 11 June 2015. The loan amount is USD 200 million at an annual interest rate of 4.03 percent. The loan matured in November 2015.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

542 General construction services of civil engineering works

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