CAF lends $350 mm to Brazil for fiscal actions in the pandemic

The CAF (Latin American Development Bank) today announced the signing of a $350 mm (R$1.8 billion) loan from Brazil for fiscal actions in response to the Covid-19 crisis. The financing will complement the fiscal initiatives already underway in the country and will reinforce counter-cyclical economic measures aimed at reducing the effects of the coronavirus pandemic in Brazil.

Source: UOL Economia