ANNOUNCEMENT 29 Jan 2015

In January 2015, the government of Brazil announced a change in the required local operations to serve domestic customers.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



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


Inception date: 29 Jan 2015 | Removal date: open ended

Local operations

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.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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