IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 12 Dec 2016 | Removal date: 12 Jun 2017
Still in force

State loan

On 12 December 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of circa BRL 57.9 million (USD 17 million) loan allocated to the local apparel retail company Lojas Renner S.A. The objective of these resources is to finance its "Criare" project.

The repayment deadline for the credit has been set up on 12 June 2017.


FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.

The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

622 Specialized store retail trade services
623 Mail order or Internet retail trade services

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