Macroeconomy/Finance

Brazilian Congressmen conclude MP to release $6 bn to SMEs

With entrepreneurs hanged by the economic crisis, the House of Representatives concludes the provisional measure (MP) 944, which has the potential to inject up to R$ 32 billion ($6 bn) in subsidised credit to SMEs. Almost 60% of the resources should go to “Pese”, a credit line administered by BNDES to incorporate the payroll of SMEs, the program lent a little over 10% of the R$ 40 billion ($7.7 bn) available.

Source: Exame

Categories: Macroeconomy/Finance