The Brazilian Development Bank is preparing measures to help mitigate the effects of the crisis, Valor has learned. Bank experts are finalizing the plans, which could be announced in the next few days and potentially include new credit lines and halting debt payments. Several borrowers have been contacting the development lender, which has about R$140 billion in cash and reporting an increasingly risk-averse market. BNDES officials are considering potential priorities and whether to coordinate with other banks to leverage their funds.
Source: Valor Econômico