30 March 2020 – Provided loans to small and medium sized companies for payroll costs

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: Wage and income support
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Banco Central Do Brasil announced a BRL 40 billion emergency credit line in order to support the payroll costs of micro, small and medium-sized enterprises’ (SME). The financing will be released in two tranches of BRL 20 billion, small and medium-sized companies (SME) — will have access, for two months, to an emergency payroll financing line.
Full details here: https://www.bcb.gov.br/en/pressdetail/2324/nota