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Analysis & opinionApril 12 2021

Credit policies amid Brazil’s worsening Covid-19 crisis

As the country grapples with a soaring death toll, emergency measures have tackled credit scarcity in different ways.
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Credit policies amid Brazil’s worsening Covid-19 crisis

Brazil is going through a traumatic time in its battle with Covid-19. The country has the second highest death toll in the world after the US, amid president Jair Bolsonaro’s controversial handling of the crisis and poor collaboration between the federal and state authorities.

However, actions taken by the Central Bank of Brazil last year have helped alleviate the economic fallout, keeping the unemployment rate at about 13.5%.

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