(Reuters) – Brazilian advancement financial institution BNDES authorized a take care of Paraguay’s federal government on Monday to supply 600 million reais ($ 103.9 million) in funding for the export of 6 Embraer’s Super Tucano boxer airplanes to the South American country.
Brazilian planemaker Embraer, the globe’s third-largest planemaker behind Airbus and Boeing, had actually validated the sale of 6 Super Tucano A-29 boxer airplanes to Paraguay in July.
The BNDES offer, authorized throughout the G20 Summit in Rio de Janeiro, “strengthens the strategic partnership between Brazil and Paraguay and helps the neighboring country strengthen its technological capacity in the fight against narco-terrorism,” the advancement financial institution stated in a declaration.
According to the advancement financial institution, the offer was its very first accepted funding procedure for exports of protection items in greater than 13 years.
($ 1 = 5.7750 reais)
(Reporting by Luana Maria Benedito in Sao Paulo; Editing by Alistair Bell)
