Lula Plans $28 Billion Debt Buyout to Aid Consumers Before Vote

🇧🇷 Bloomberg (BR) —

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Brazil plans a $28 billion debt buyout to assist consumers by purchasing delinquent consumer debt from banks, part of President Luiz Inácio Lula da Silva's efforts to reduce financial stress on households ahead of elections. This move aims to support his campaign for a fourth term.

Brazil’s government plans to spend 15 billion reais to buy as much as 150 billion reais ($28 billion) of delinquent consumer debt from banks, part of President Luiz Inácio Lula da Silva’s push to ease the financial strain on households and bolster his bid for a fourth term.

Politics Markets Brazil debt buyout consumer debt Lula elections financial aid

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