Global Trade Alert
Global Trade Alert

Brazil: BNDES approves funding to support the sugar industry

Announcement

12 Apr 2021

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese) approved a loan of BRL 330 million to support Tereos Açúcar e Energia Brasil SA. 

 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

12 Apr 2021

Revocation date:

No revocation date

State loan In force

On 12 April 2021, the BNDES approved a BRL 330 million loan (over USD 57.9 million at the time of the announcement) to support the upgrade of the operational units of Tereos Açúcar e Energia Brasil. T...

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Local content incentive In force

The BRL 330 million loan (over USD 57.9 million at the time of the announcement) approved to Tereos Açúcar e Energia Brasil by the BNDES on 12 April 2021, was distributed via FINAME Direto, one of the...

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