Type of Intervention: Executive Order, Specific Action, Stimulus
Sectors Involved: Central Bank, Finance/Economy, Tourism
Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National
Lead People/Agency: National Monetary Council
Overview: Central Bank frees up R$650 billion for loaning to financial institutions
Full details here: https://agenciabrasil.ebc.com.br/economia/noticia/2020-04/covid-19-bc-anuncia-que-pode-liberar-ate-r-650-bilhoes-na-economia
Type of Justification: Perception of an increased threat to the country, Considered a necessary escalation of current measures
Source of Evidence or Justification: International – government
Evidence/Justification: adoption of these special liquidity lines by the main central banks in the world has been an “widely used” instrument as one of the responses to the crisis.