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Brazil: Government approves loan guarantee scheme for SMEs in response to the COVID-19 outbreak

Description

On 1 June 2020, the Ministry of Economy adopted Provisional Measure No. 975 creating the Emergency Access to Credit Program (i.e. Programa Emergencial de Acesso a Crédito in Portuguese). The new schem...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jun 2020

Revocation date

31 Dec 2020

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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