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Banco Votorantim will donate 50 million to fight coronavirus 01-04-2020

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Today is April 1st, but it's no lie, yes, Banco Votorantim made a donation that left many people perpeplexed, 50 million reais to be redirected to projects that directly combat the new pandemic.

The famous investment manager Votorantim this week:

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The donation of R$50 million to governments, health institutions and private entities for the purchase of coronavirus testing kits, respirators and other equipment necessary to contain the new global crisis caused by the new coronavirus in the world and recently in Brazil.

Banco Votorantim irá doa 50 milhões para combater o coronavírus 01-04-2020

The biggest beneficiaries of this action are small and medium-sized cities that are more vulnerable to the spread of the disease and will also receive part of the amount donated by Votorantim.

Also according to the official statement from Banco Votorantim,

The intention is that part of the money will be applied in small and medium-sized cities, which will be prioritized according to the greatest vulnerabilities in the municipalities.

In addition, the company will also redirect projects from the Votorantim Institute and invested companies, which were already underway, to combat the new coronavirus. According to the company, the Votorantim Institute and invested companies currently conduct more than 300 projects in the five regions of Brazil.

We must all face this problem together. This is not the time for political fights or left-wing or right-wing games. This is a serious public health problem that has affected the WORLD.

In addition, the company also reported, in a statement, that

“The challenge of facing the effects of Covid-19 is enormous, but Votorantim reinforces the belief that, with the combined efforts of public authorities, companies and civil society, working in a coordinated and harmonious manner, this health crisis will be overcome”

So, did you like it? For more updated news about the new coronavirus and its impacts on the Brazilian economy, click here and read articles on this subject!

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Source: Votorantim Bank