ANNOUNCEMENT 29 Jan 2015In January 2015, the government of Brazil announced a change in the required local operations to serve domestic customers.
NUMBER OF INTERVENTIONS
BNDES press release of 29 January 2015 (in Portuguese): http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Sala_de_Imprensa/Noticias/2015/Todas/20150129_niteroi.html
BNDES PMAT FINEM (in Portuguese): http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Apoio_Financeiro/Produtos/FINEM/pmat.html
On 29 January 2015, the Brazilian Development Bank (BNDES) announced to finance the municipality of Osasco (SP) with 63 million real (USD 21.02 million) through its credit line on fiscal administration modernization (BNDES PMAT). The loan is going to finance, amongst others, IT equipment.
The measure is considered as discriminatory, since BNDES's PMAT credit line requires a national content of at least 60% on equipment, such as on information technology.