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Banco de Desenvolvimento de Minas Gerais

EIB and BDMG support Brazilian SMEs impacted by COVID-19

2 mins read

The FINANCIAL — The new agreement is an amendment to a contract signed in 2019, allowing both institutions to provide flexibility and to widen the eligibility criteria of the current EUR 100m BDMG CLIMATE ACTION Framework Loan II, in order to support and accelerate lending to private sector business, at the onset of the Covid-19 crisis in Latin America, especially in Brazil. This flexibility will accelerate access to finance for SMEs and in particular micro-enterprises across the country to the tune of EUR 30m. The EIB and BDMG are partnering to support a series of climate action projects in Brazil, including…

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EIB and BDMG support Brazilian SMEs impacted by COVID-19

2 mins read

The FINANCIAL — The new agreement is an amendment to a contract signed in 2019, allowing both institutions to provide flexibility and to widen the eligibility criteria of the current EUR 100m BDMG CLIMATE ACTION Framework Loan II, in order to support and accelerate lending to private sector business, at the onset of the Covid-19 crisis…