Global Trade Alert
Global Trade Alert

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

Announcement

01 Jun 2020

The Ministry of Economy of Brazil authorized the distribution of up to BRL 20 billion (over USD 3.7 billion) to local SMEs in the form of loan guarantees.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jun 2020

Revocation date:

31 Dec 2020

Announced: 01 Jun 2020
Loan guarantee
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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