AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
In September 2011, the Brazilian Development Bank (BNDES) provided Construtora Andrade Gutierrez SA with post-export credit for a project involving the exporting of goods and services for the creation of a shipyard for construction, repair and maintenance of ships in Venezuela.The post-export credit agreement was signed on 20 September 2011. The loan amount is USD 637.89 million at an annual interest rate of 3.45 percent. The loan matured in February 2012.
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