ANNOUNCEMENT 30 Dec 2010

In December 2010, the Brazilian Development Bank (BNDES) provided export financing to a Brazilian exporter.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The Brazilian National Development Bank All post-export finance operations since 2002, O banco nacional do desenvolvimento todas as operaƧoes por-embarque desde 2002, http://www.bndes.gov.br/SiteBNDES/export/sites/default/bndes_pt/Galerias/Arquivos/consultas/operacoes_exp_serv_eng_2002_diante.xls

Inception date: 30 Dec 2010 | Removal date: 23 May 2011
Still in force

Trade finance

In December 2010, the Brazilian Development Bank (BNDES) provided Construtora Andrade Gutierrez SA with post-export credit for a project involving the exporting of goods and services destined to be used for the construction of a steel manufacturing plant in the state of Bolivar in Venezuela.

The post-export credit agreement was signed on 30 December 2010. The loan amount is USD 865.42 million at an annual interest rate of 4.45 percent. The loan matured in May 2011.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A