Guedes Follows Europe and Asia and Releases Measures to Boost the Economy

Among the expected measures are incentives for the construction industry, credit lines for tourism-related businesses and an airline bailout.

RIO DE JANEIRO, BRAZIL - On Monday, March 16th, the Ministry of Economy announced a package of measures to help the Brazilian economy face the new coronavirus pandemic. Some 20 actions are planned to encourage consumption and help specific sectors.

On Thursday, March 12th, faced with the country's swift spread of the disease, Economy Minister Paulo Guedes had announced that the portfolio would prepare a set of actions to reduce the impact of the crisis. The Minister immediately announced the release of R$23 billion to anticipate the payment, in April, of 50 percent of the 13th month pay to . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?