AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
In August 2014, the Brazilian Development Bank (BNDES) provided Companhia de Obras e Infra-Estrutura with post-export credit for a project involving exporting goods and services for the modernization and expansion of the international airports of Jose Marti in Havana, Santa Clara, Holguin, Cayo Coco and Cayo Largo.The post-export credit agreement was signed on 21 August 2014. The loan amount is USD 150 million at an annual interest rate of 7.02 percent. The loan matured in February 2015.
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