AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
In July 2011, the Brazilian Development Bank (BNDES) provided Construtora Norberto Odebrecht SA with post-export credit for a project involving exporting goods and services for the construction of 3.000 living units and the additional infrastructure for 20.000 more in Angola.The post-export credit agreement was signed on 28 July 2011. The loan amount is USD 281.03 million at an annual interest rate of 3.79 percent. The loan matured in November 2011.
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