Latin American bank lends $350 mm to Brazil

The Latin American Development Bank (CAF) approved a $350 million loan for the Ministry of Economy to implement measures to tackle the crisis caused by the pandemic. The funding will complement government actions to reduce the impact on the most vulnerable economic and social sectors, especially the payment of emergency aid. During the pandemic, the CAF offered $2.5 billion in emergency credit lines for Latin American countries.

Source: Agencia Brasil