AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
In December 2010, the Brazilian Development Bank (BNDES) provided Construtora Andrade Gutierrez SA with post-export credit for a project involving the exporting of goods and services destined to be used for the construction of a steel manufacturing plant in the state of Bolivar in Venezuela.The post-export credit agreement was signed on 30 December 2010. The loan amount is USD 865.42 million at an annual interest rate of 4.45 percent. The loan matured in May 2011.
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