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Brazil: Government approves new economic support for SMEs in response to the COVID-19 outbreak

Description

On 18 May 2020, the Executive of Brazil adopted Law Nº 13,999 creating the National Support Program for Micro and Small Enterprises (i.e. Pronampe by its acronym in Portuguese). The new scheme will pr...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 May 2020

Revocation date

31 Aug 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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