ANNOUNCEMENT 27 Jun 2013

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of BRL 54.6 million (USD 25 million) to Monte Tabor Centro Ítalo-Brasileiro de Promoção Sanitária.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Projetos contratados e valores liberados. Retrieved on 02/05/2018. Available at: http://finep.gov.br/acesso-a-informacao-externo/transparencia/projetos-contratados-e-valores-liberados

Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Financiamento Reembolsável. Available at: http://finep.gov.br/component/content/article/120-apoio-e-financiamento/tipos-de-apoio/financiamento-reembolsavel/42-financiamento-reembolsavel

Inception date: 27 Jun 2013 | Removal date: 27 Jun 2018

State loan

On 27 June 2013, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of almost BRL 54.6 million (USD 25 million) allocated to Monte Tabor Centro Ítalo-Brasileiro de Promoção Sanitária, a local operator of hospitals and medical centres. The objective of these resources is to finance the integrated centre focussed on regenerative medicine technologies.

The repayment deadline for the credit has been set to 27 June 2018.


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 SECTORS

 

AFFECTED PRODUCTS

 
N/A