Brazil Relaunches Debt Relief Program Before Election
Brazil relaunched its Desenrola debt relief program to offer discounts of up to 90 percent. The plan uses unclaimed bank funds to back renegotiated loans.
Xurve View
Xurve View
Brazil relaunched its Desenrola debt relief program on Monday, deploying 5 billion reais ($1.01 billion) in Treasury guarantees to cut consumer interest burdens. The program expands previous relief efforts by targeting individuals earning up to five times the monthly minimum wage. President Luiz Inacio Lula da Silva aims to boost disposable income as runoff polls show a statistical tie ahead of the October election.
