Macroeconomy/Finance

BNDES releases $ 200mm SME’s companies affected by coronavirus

The BNDES has already released R$ 1.1 billion ($ 200 million) for micro, small and medium-sized companies affected by the economic effects of the coronavirus pandemic, equivalent to about 20% of a working capital line reserved for the segment. Most of the funds (65%) were released to companies in the Southeast region. The average value of operations was R$ 368 thousand ($ 66K), the bank said.

Source: Reuters

Categories: Macroeconomy/Finance