Brazil announces new measures to tackle household debt
Brazil will launch a debt relief program with rates capped at 1.99 percent and discounts up to 90 percent. Debtors are barred from online betting for one year.
Xurve View
Xurve View
Brazil President Luiz Inacio Lula da Silva will launch the "Novo Desenrola Brasil" debt relief program on Monday to tackle rising household indebtedness. The initiative expands a 2023 program, offering interest rates capped at 1.99% and debt discounts ranging from 30% to 90%. It aims to restore consumer purchasing power by renegotiating credit card, personal, and student loan obligations.
