ANNOUNCEMENT 27 Feb 2015In February 2015, the government of Brazil announced a change in the required local operations to serve domestic customers.
NUMBER OF INTERVENTIONS
BNDES press release of 27 February 2015 (in Portuguese): http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Sala_de_Imprensa/Noticias/2015/Todas/20150227_salvador.html
BNDES PMAT (in Portuguese): http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Apoio_Financeiro/Produtos/FINEM/pmat.html
On 27 February 2015, the Brazilian Development Bank (BNDES) announced to finance the municipality of Salvador (BA) with 50.8 million real (USD 16.95 million) through its credit line on fiscal administration modernization (BNDES PMAT). The loan is going to finance mainly IT-related equipment.
The measure is considered to be discriminatory, since BNDES's PMAT credit line requires a national content of at least 60% on equipment, such as information technology.