BRICS Bank Lends One Billion USD Loan To Brazil To Mitigate COVID-19 Impact
RIO DE JANEIRO, July 21 (NNN-PRENSA LATINA) – The New Development Bank (NDB) will lend Brazil one billion U.S. dollars, to neutralise the economic impact of the COVID-19 pandemic, bringing total loans to Brazil to four billion dollars, the institution said on Monday.
The funds will be given to the Brazilian government’s emergency aid payment programme, designed to help millions of low-income people.