World Bank approves $1 bn loan to expand Bolsa Familia

The World Bank approved a $1 bn (R$5.73 bn) loan to reinforce the expansion of the Bolsa Família. The measure is part of the multilateral bank’s project to preserve the income of the population most affected by the pandemic. In a statement, the World Bank said the money should benefit at least 1.2 million new families in the programme, resulting in 3 million more people being assisted.

Source: Valor Investe