IDB-BNDES MSME Financing Emergency Global Credit Program for Safeguarding the Productive Fabric and Employment

The general objective of this program is to support sustainability in the face of the crisis of COVID-19, of MSMEs, as a support for employment in Brazil. The specific objectives are: (i) to support the short-term financial sustainability of MSMEs; and (ii) promote the economic recovery of MSMEs through access to productive financing.

Project Detail

Country

Brazil

Project Number

BR-L1557

Approval Date

September 23, 2020

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL MARKETS

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

GCR (Global Credit Operation)

Facility Type

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 900,000,000.00

Country Counterpart Financing

USD 150,000,000.00

Original Amount Approved

USD 750,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
5115/OC-BR	Sovereign Guaranteed	USD - United States Dollar	Jul. 11, 2025	Jun. 5, 2023	Ordinary Capital	Flexible Financing Facility

Operation Number

5115/OC-BR

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 11, 2025
Signed Date: Jun. 5, 2023
Fund: Ordinary Capital
Financial Instrument: Flexible Financing Facility

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000138-1360748008-15

Annual Project Audited Financial Statement

Relatorio de auditoria - final.pdf

Jun. 13, 2024

Portuguese

https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43508

Project Monitoring Report ( Public version)

BR-L1557 Second period Jan-Dec 2022 - Public Report.PDF

Jul. 20, 2023

English

https://www.iadb.org/document.cfm?id=EZIDB0000366-2056220512-9375

Loan Contract

Contrato de Emprestimo, Contrato de Garantia e Carta de Notificacao SOFR - 5115-OC-BR (BR-L1557).pdf

Jun. 08, 2023

Portuguese

https://www.iadb.org/document.cfm?id=EZSHARE-522669563-42250

Project Monitoring Report ( Public version)

BR-L1557 First period Jan-Jun 2022 - Public Report.PDF

Feb. 09, 2023

English

https://www.iadb.org/document.cfm?id=EZSHARE-522669563-41372

Project Monitoring Report ( Public version)

BR-L1557 Second period Jan-Dec 2021 - Public Report.PDF

Aug. 12, 2022

English

https://www.iadb.org/document.cfm?id=EZSHARE-522669563-35433

Project Monitoring Report ( Public version)

BR-L1557 First period Jan-Jun 2021 - Public Report.pdf

Feb. 17, 2022

English

https://www.iadb.org/document.cfm?id=EZSHARE-522669563-34766

Project Monitoring Report ( Public version)

BR-L1557 Second period Jan-Dec 2020 - Public Report.pdf

Jul. 20, 2021

English

https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48918

Loan Contract

BNDES. Programa Global de Crédito de Emergencia BID-BNDES de Financiación de las MIPYME para la Defensa del Tejido Productivo y el Empleo.pdf

Oct. 12, 2020

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-1652961780-73

Loan Proposal

Brazil. BR-L1557.Loan proposal for the IDB-BNDES MSME Financing Emergency Global Credit Program for Safeguarding the Productive Fabric and E.pdf

Sep. 10, 2020

English

https://www.iadb.org/document.cfm?id=EZSHARE-1652961780-72

Loan Proposal

Brasil. BR-L1557. Propuesta de préstamo para el Programa Global de Crédito de Emergencia BID-BNDES de Financiación de las MiPyME para la Defe.pdf

Sep. 10, 2020

Spanish

Closed Phase

https://www.iadb.org/document.cfm?id=EZIDB0000138-1652961780-8668

Project Completion Report

Programa Global de Crédito Emergencial BID-BNDES de Financiamento às Micro, Pequenas e Médias Empresas (MPMEs) para a Defesa do Setor Produtivo e o Em

Feb. 08, 2024

Portuguese