IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Apr 2015 | Removal date: 07 Mar 2017
Still in force

State loan

On 7 April 2015, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a BRL 42.9 million loan (USD 13.8 million at the time of the measure) allocated to Lojas Americanas S.A., a local retail chain that englobes bricks-and-mortar stores, e-commerce, telephone, catalogues, home shopping and TV and kiosks, among others activities. The objective of these resources is to finance the development of its Varejo 2.0 project

The repayment deadline for the credit has been set to 7 March 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
624 Other non-store retail trade services

Please report this page in case you detect an inaccuracy in its content.