AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Since May 2012, the Brazilian Development Bank (BNDES) has repeatedly provided Construtora Norberto Odebrecht SA with post-export credit for a project involving exporting goods and services for the engineering of the reforming of Cammesa that expands the oil pipelines of San Martin in Argentina.
The post-export credit agreement was signed on 8 May 2012. The loan amount is USD 67.8 million at an annual interest rate of 4.3 percent. The loan was set to mature in December 2018.
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