How to pronounce“ppp”in English

And PPP, that paycheck protection program was built on that platform of allowing the lenders to be that front door for

provide PPP, so we allowed fintech to come in.

the PPP program left out a lot of the businesses that we serve and those that were most affected.

And PPP are the purchasing power parity theory that would suggest this price levels are exactly the same.

it's called a PPP I understand, a PowerPoint presentation.

the forgiveness of PPP and really trying to leverage the scale of the agency to better support small businesses on an ongoing bases.

And we have during PPP of course it was expanded.

I heard mentioned the PPP loan programs.

Or the PPP program which is jointly a Treasury and a Small Business Administration program.

You saw it finally be effective with PPP as more lenders came on as mission lenders were incentivized to be able to put these loans out

out from early rounds of PPP.

So I had this experience with PPP, I didn't need PPP, right, the payment protection thing.

Whatever you negotiate with the PPP upfront, there'll be an issue two years further down, in which case they'll completely renegotiate it

So the ability to manage PPP isn't easy.

Eduardo has also emphasized that PPP has the incentive to actually maintain the roads.

We did that in the PPP loans, but it was slower.

News institutions took money for PPP recently.

If there is a place where PPP in theory would hold or law of one price better put.

to real exchange rates and deviations from ppp they're sort of built in uh to these models and unless you shut those down

But at the time that PPP was launched, the idea was to give small businesses the ability to hold on to their employees.

So that's essentially the PPP program, a big part of the CARES Act.

do the last mile LTE and a PPP framework all this I'm saying here are on open

There are times in which PPPs are a disaster, there's times in which they're great, and we need to be smart about

And if it hadn't been for the PPP loans with the government and the business, it wouldn't have survived.

So,, when the PPP loans got handed out, when the pandemic first hit, they went to Washington and said, look at all our investors,

with a bank that was going to intermediate the PPP loans.

so, this will generate PPP differences and and that's the sense in which this is also related to the work that Alberto and I have been presenting so far in the

the banks have been used as the vehicle for the PPP Program, the banks are used always as the as the conduit.

It can't be solved with just one round of PPP and we've already seen the number of times that program has gone through iterations.

So I think that there are some really good things about PPPs having strong incentives to maintain quality, having a better incentive not to

And so I walked into an agency that was in the middle of PPP, in the middle of COVID EIDL, that Economic Injury Disaster Loan,

So I would say that the impact on the first round of PPP was enormous on small businesses.

I cannot tell you how many sessions Eric jumped on with Mark on the PPP loans.

But we learned that you know, PPP failed for trade goods.

So one of the pieces that is implemented by Treasury is the so-called PPP, the Paycheck Protection Program.

Which is to instead of using the banks as the conduit for delivering these PPP funds,

In the case of the PPPs or public-private partnerships, there's a private entity that typically is managing those private

The track record of PPPs is far from perfect, and I think in these types of areas, Dunc Xiao Ping is very wise.

But Benazir Bhutto realizes she had to campaign for her party, the PPP, the Pakistani People's Party.

One of the militants-- one of the activists of the party, the PPP to make it there.

available so they clearly need to be thinking in terms of of new models the concept of a PPP of the public private partnership is something which is it

their teachers and firefighters, you have to give these PPP loans to our portfolio companies, even though we have plenty of money.

What was the conversation like for you as a leader with those frontline staff who are going to be wearing PPP and putting themselves

In Chile, which is a relatively well-functioning country, PPP has worked generally quite well.

opportunity in our cities um what what businesses closed down uh what people did not get ppp loans uh what workers disproportionately

But rather from the trading good sectors that people assume you know, a LOP hold and PPP sort of holds.

um so that's kind of an interesting thing to think about but bear in mind that if you believe in ppp uh and long run uip

But once you have a pandemic, once it's March 2020, I mean, the speed with which we set up PPP, the Payroll Protection

experience, right, experience, and in this case, kind of scarring experience from your PPP, but I'm hearing relationships that were