Emergency Program for Supporting Brazil’s Response to COVID-19 (NDB-BRAZILCOVIDRESPONSE)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Completed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 20, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Brazil
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Humanitarian Response
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 47,190.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ NDB website

Updated in EWS Feb 28, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the NDB, the Program supported the financing of the Government of Brazil’s expenditures incurred under Law 13.982/2020 that “establishes exceptional social protection measures to be adopted during the period of confrontation of the public health emergency of international importance resulting from the coronavirus
(COVID-19)”. The Program supported (i) the maintenance of minimum income levels for informal, self-employed and unemployed workers with the Basic Emergency Aid; and (ii) families under the cash transfer Bolsa Familia Program that are also eligible for the Basic Emergency Aid. The Program contributed to improving the living conditions of vulnerable people, in the face of the COVID-19 crisis, which is affected income and employment levels. The Program was specifically related to the Government of Brazil’s response to the COVID-19 outbreak. The Program helped ensuring that strong fiscal support was in place to combat the outbreak and that priority public investment projects in 2020 were implemented, and to helping the economic recovery of the country. The Program supported the implementation of non-pharmaceutical interventions, such as social distancing while contributing to safeguard the living conditions of the most vulnerable population in Brazil during the COVID-19 crisis.

The Program was implemented by the Ministry of Citizenship of the Government of Brazil to support minimum income levels for the most vulnerable population, including informal, self-employed and unemployed workers, and poor families with a Basic Emergency Aid. The Ministry of Economy was the Borrower. The World Bank/IBRD, the Interamerican Development Bank, KfW, AFD and the Development Bank of Latin America also provided financial support to the Brazilian Government efforts to combat the COVID-19 pandemic.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

NDB Team Leader:

Alexandre Takahashi - Americas Regional Office

No contacts provided at the time of disclosure.

Borrower - Ministry of Economy:

Dario Carnevalli Durigan
Email: secretariaexecutiva@economia.gov.br

Implementing Agency - Ministry of Citizenship, Government of Brazil:

Osmar Ribeiro de Almeida Júnior
Email: osmar.junior@mds.gov.br

ACCESS TO INFORMATION

You can submit an information request for project information though a form at the bottom of the following webpoage https://www.ndb.int/about-us/contact-us/. Alternatively, you can send an e-mail to info@ndb.int. 

ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK

The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing/.

How it works

How it works