ANNOUNCEMENT 28 Jul 2011

In July 2011, 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: 28 Jul 2011 | Removal date: 25 Nov 2011
Still in force

Trade finance

In July 2011, the Brazilian Development Bank (BNDES) provided Construtora Norberto Odebrecht SA with post-export credit for a project involving exporting goods and services for the construction of 3.000 living units and the additional infrastructure for 20.000 more in Angola.

The post-export credit agreement was signed on 28 July 2011. The loan amount is USD 281.03 million at an annual interest rate of 3.79 percent. The loan matured in November 2011.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A