BNDES reviews local content index for accreditation of suppliers

The National Bank for Economic and Social Development (BNDES) approved a temporary measure that reduces from 60% to 50% the minimum nationalization index requirement for the accreditation Suppliers of machinery and equipment, industrial systems and components in the credit operations of the Bank, called accreditation Computerised Suppliers (CFI).

The amendment applies to all sectors of Brazilian industry until June 30, 2017, it is cyclical and transitory measure to cope with the effects of exchange rate on increases in production costs in the industrial sector. The current reduction in the minimum national content index helps industrial companies in seeking funding for reasons of currency effects. The minimum nationalization index weight remains unchanged at 60%.

Complete rules for accreditation of machinery, equipment, systems and components are available at BNDES site,  link:

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