BNDES approves $ 2.3 bn in suspension of loan payments

BNDES reported that it reached R$12 billion ($2.3 bn) in the approval of temporary suspensions of payments of loan instalments contracted with the institution. The measure, known in the market as standstill, is being granted for up to six months to more than 28,500 companies, in about 77,700 financing contracts, in direct and indirect modalities.

Source: Money Times