Economic news

Brazil's Guedes Sees 130B Reais Aid For Local Authorities

BRASILIA, April 29 (Reuters) - Brazil’s Economy Minister Paulo Guedes said on Tuesday crisis-fighting aid worth 120-130 billion reais ($22-$23.6 bln) will be made available to states and municipalities, and that a nationwide program has so far saved around 4.3 million jobs.

Speaking in a live online debate hosted by Mercado & Consumo, Guedes also said that of the 1 trillion reais of credit lines made available, just over 400 bln reais have been tapped.

$1 = 5.50 reaisReporting by Jamie McGeever; Editing by Catherine Evans

Source: Reuters

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree