(Reuters) – Brazilian development monetary establishment BNDES approved a handle Paraguay’s federal authorities on Monday to provide 600 million reais ($ 103.9 million) in funding for the export of 6 Embraer’s Super Tucano boxer airplanes to the South American nation.
Brazilian planemaker Embraer, the globe’s third-largest planemaker behind Airbus and Boeing, had truly validated the sale of 6 Super Tucano A-29 boxer airplanes to Paraguay in July.
The BNDES provide, approved all through 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 development monetary establishment said in a declaration.
According to the development monetary establishment, the provide was its very first accepted funding process for exports of safety objects in larger than 13 years.
($ 1 = 5.7750 reais)
(Reporting by Luana Maria Benedito in Sao Paulo; Editing by Alistair Bell)
