Original disclosure @ NDB website
Updated in EWS Mar 24, 2025
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The NDB’s loan (Loan) is to support the recovery of the Brazilian economy by providing resources for the Government of Brazil (GoB) to capitalize the FGI-PEAC Fund that provides guarantees to participating Financial Institution (FIs) on loans provided to SMEs.FGI was created in 2010 and is managed by the BNDES. FGI, in partnership with FIs, provides fast and less costly guarantees on SME loans availed from FIs. The Fund was expanded in 2020 under PEAC, as a response from the GoB to the COVID-19 impact on the economy. The Fund provides uarantees to participating FIs for 80% of the loans provided to SMEs,
limited to BRL 10 million (USD 1.8 million) per SME per FI. No premium rate is charged and only minimum personal guarantees are required in accordance with the respective FIs’ policies.
The total cost of the investment is also financed by the Brazilian Government (USD 2.3 bi) and by the IDB (USD 0.2).
ACCESS TO INFORMATION
You can submit an information request for project information through a form at the bottom of the following webpage 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.
Contacts | NDB | Borrower | Implementation Agency |
Project Team Leader:
Raisa Leao Ludmila Silva |
Ministry of Economy of the Government of Brazil: Marcelo Guaranys marcelo.guaranys@economia.gov.br |
BNDES:Fernando Mantese faoma@bndes.org |