Tourism and health should be included in the relief package being sewn by the National Bank for Economic and Social Development (BNDES) and private banks to sectors affected by the crisis caused by the new coronavirus in Brazil, the Estadão / Broadcast with four sources close to the negotiations.
In addition to defining subsegments that will be served in the working groups already formed, in order to encompass other affected sectors, another expectation is that a definition regarding the format of aid to energy companies, the most advanced so far, will occur during this week. .
The list that included four sectors seen as priorities – energy, aerial, automotive and non-food retail -, now it counts on tourism and health, which will have their own working groups. With that, the aid package calculated until then at R $ 50 billion will be expanded.
Some of the new segments will also be included in activities previously selected in order to make the process simpler, explains a source. The textile chain, as well as bars and restaurants, for example, should be allocated to the non-food retail sector, coordinated by BNDES alongside Santander. “In these segments there is no consolidator. It is very dispersed beyond the large companies. It is studied how they can be included in the package”, says a source who accompanies the negotiations.
Expansion of segments
Tourism, which includes hotels, saw the demand disappear with the measure of social isolation necessary to contain the spread of the virus. Itaú Unibanco, which already coordinates the relief group for the automotive sector, will have tourism.
The health segment, on the other hand, should stay with Banco do Brasil. Several players in the sector, such as hospitals and laboratories, have been suffering heavily from loss of revenues despite the increased demand for services due to the coronavirus. One reason is that elective surgeries, where most of the prescriptions come from, have been suspended.
BNDES president Gustavo Montezzano said over the weekend that aid to sectors affected by the crisis should cover up to ten segments. He did not reveal what activities were in sight and explained, during live on Sunday, that the criteria for entering the relief package include economic relevance and the size of the damage caused by covid-19.
For now, the most advanced aid is to the energy sector. A meeting to define details and the loan amount took place yesterday. The expectation of those involved is that the hammer regarding the format will be beaten this week, with the value being close to R $ 16 billion.
The union that leads the bailout is formed by BNDES, Banco do Brasil and private banks Itaú, Bradesco, Santander, Safra and Citibank.
In the aviation sector, Bradesco leads the group, with the development bank. Here, help must also come from large financial institutions and Safra and Citi are still expected, according to sources heard on condition of anonymity. Each of the three industry giants, Gol, Latam and Blue, should receive between R $ 2.5 billion and R $ 3.5 billion.
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