11RIO DE JANEIRO, BRAZIL - The Ministry of Economy announced on Wednesday, June 10th, that the Operations Guarantee Fund (FGO) would release R$15.9 billion from the National Treasury in loans to small businesses, as a means to mitigate the economic impact of the crisis caused by the Covid-19 pandemic. The credit facility is part of the National Program to Support Microenterprises and Small Businesses (PRONAMPE).
The announcement came during an event in the Planalto Palace, and was made jointly by the Ministry of Economy, Federal Treasury and the Bank of Brazil, the fund manager.
"Our main concern now . . .