‘Brics’ bank lends Brazil $1 bln to soften COVID-19 economic blow
RIO DE JANEIRO, July 20 (Reuters) – The New Development Bank of the “BRICS” group of leading emerging economies will lend Brazil $1 billion to help combat the economic damage from the COVID-19 crisis, the institution said on Monday.
The funds will be allocated to the federal government’s emergency aid payment program, which the NDB estimates could benefit 5 million informal workers, low-income families and unemployed people.
By Rodrigo Viga Gaierd via Reuters