BR-L1180 : Program to Support Micro, Small and Medium-Sized Enterprises

Following past operations, this one will support the efforts of the Brazilian Government to update and make more competitive the productive sectors facilitating: (i) a bigger impact over the Mipymes maximized by the use of adequate distribution channels, and, with and institutional executor of proven efficacy; (ii) an increase in the % of the population using Bank services; (iii) maximize the impact of the incorporation of enterprises into the formal economy and an augment in the formal employment in a segment that includes 80% of the enterprises in the country; (iv) an impact on the increment of the tributary collection achieved by the incorporation of enterprises to the formal economy; and (v) maintain the effectiveness of the economic development and growth by efficiently using the public resources for development.