The federal government has completed the purchase of at least 6,500 ventilators. The stock will start to be manufactured in the coming days by the Brazilian company Magnamed, specialized in the sector. Delivery will be done within 180 days.
The results of recent stress tests carried out by Brazil’s Central Bank on small and medium-sized enterprises were “not very good”, Central Bank president Roberto Campos Neto said, adding that some sectors will need support.
Brazil’s Health Minister Luis Henrique Mandetta said that the country’s attempts to purchase medical supplies from China to fight the coronavirus epidemic were failing and the government is turning to Brazilian companies to make ventilators.
Services activity in Brazil shrank 1% in February, official figures showed on Wednesday, the biggest monthly fall in over 18 months and another sign Latin America’s largest economy was already in go-slow mode before the coronavirus crisis erupted. Services accounts for around two-thirds of Brazilian economic activity, and much of it has now been virtually shut down due to the Coronavirus outbreak.
Brazilian agribusiness exports in the first quarter of 2020 totalled $21.4 billion and were virtually stable compared with the same period last year, CNA said. China was the main destination for Brazil’s agricultural commodities exports like soy, beef and chicken, with shipments to the Asian country totalling $7.2 billion in the period.