17 March 2020 – Provided funds to public banks for working capital loans to small and medium sized businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Ministry of Economy released R $ 5 billion by the Income Generation Program (Proger), maintained with resources from the Workers’ Support Fund (FAT). The amount will be passed on to public banks so that they grant loans aimed at working capital of micro and small companies.
Full details here: https://www.gov.br/economia/pt-br/assuntos/noticias/2020/marco/governo-anuncia-medidas-para-reduzir-efeitos-do-coronavirus-nas-micro-e-pequenas-empresas