Brazil’s Federal Government Sets Conditions for BRB Rescue as Master Crisis Threatens Systemic Risk

Key Points — The Lula administration will demand fiscal concessions — including reform of a R$30 billion ($5.8 billion) federal transfer fund — from the Distrito Federal government as a condition for any BRB rescue, according to Bloomberg — BRB has called an extraordinary shareholder meeting for April 22 to vote on a R$8.8 billion […] The post Brazil’s Federal Government Sets Conditions for BRB Rescue as Master Crisis Threatens Systemic Risk appeared first on The Rio Times .

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