ANNOUNCEMENT 06 Feb 2015In February 2015, the government of Brazil announced a change in the required local operations to serve domestic customers.
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BNDES press release of 6 February 2015 (in Portuguese): http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Sala_de_Imprensa/Noticias/2015/Todas/20150206_aparecida.html
BNDES PMAT (in Portuguese): http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Apoio_Financeiro/Produtos/FINEM/pmat.html
On 6 February 2015, the Brazilian Development Bank (BNDES) announced to finance the municipality of Uberlândia (MG) with 36 million real (USD 12.01 million) through its credit line on fiscal administration modernization (BNDES PMAT). The loan is going to finance IT-related equipment and vehicles, amongst others.
The measure is considered to be discriminatory, since BNDES's PMAT credit line requires a national content of at least 60% on equipment.