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Home PAE 09

PAE and World Bank advance the creation of the Mutual Guarantee Fund

May 2, 2024
Measure PAE 09
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PAE e Banco Mundial avançam na criação do Fundo de Garantia Mutuárias
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In a meeting with World Bank representatives, the Economic Acceleration Package (PAE) team made significant progress in implementing Measure 9, which provides for the creation of an innovative mutual guarantee fund.

The measure is a key piece in the Government’s commitment to strengthening the financial ecosystem for micro, small and medium enterprises (MSMEs).

With decrees already approved by the Council of Ministers, which establish the legal framework necessary for the creation and management of the fund, the PAE team is now focused on developing and refining the other components of the measure. Highlighting the structuring of a credit line aimed at expanding access to financing for MSMEs.

The fund aims not only to facilitate access to credit, but also to promote greater stability and economic growth, thus supporting the sustainable development of companies in a sector that is fundamental to the local economy.

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