22 March 2020 – Transferred funds to the severence indemnity fund

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.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Brazil’s National Bank of Economic and Social Development transferred resources from the PIS-PASEP Fund to the Guarantee Fund for Length of Service (FGTS), a severence indemnity fund, in the amount of R $ 20 billion.
Full details here: https://riotimesonline.com/brazil-news/brazil/bndes-announces-r55-billion-injection-in-brazilian-economy/