BC announces up to $10.5 bn in credit to small business

Brazilian Central Bank has announced measures that can facilitate lending to companies with annual revenues of up to R$50 million ($9.4 mm). Through the measure, the monetary authority aims to mitigate and prevent the economic and financial effects of the spread of the coronavirus pandemic. The monetary authority estimated that the measure could release up to R$ 55.8 billion ($10.5 bn).

Source: Infomoney

Categories: Macroeconomy/Finance