22 March 2020 – Transferred funds to the severence indemnity fund

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Brazil’s National Bank of Economic and Social Development transferred resources from the PIS-PASEP Fund to the Guarantee Fund for Length of Service (FGTS), a severence indemnity fund, in the amount of R $ 20 billion.
Full details here: https://riotimesonline.com/brazil-news/brazil/bndes-announces-r55-billion-injection-in-brazilian-economy/