Government studies investment of $ 3.5 bn for credit to medium-sized companies

The government is studying an investment of R$ 20 billion ($3.5 billion) from the Treasury in the Guarantee Fund for Investments (FGI) of the National Bank for Economic and Social Development (BNDES) to boost credit to medium-sized companies amid the coronavirus crisis, but awaits the outcome of the negotiations on aid to states to find out how much they can actually commit, said three knowledgeable sources.

Source: Reuters