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Tag: BANCO DO BRASIL

Business / Companies / economics

Brazil Introduces $352 Million Payroll-Deductible Loan Program for Workers

April 3, 2025April 3, 2025 - by Marcus Chen - Leave a Comment

Brazil has launched a payroll-deductible loan program for private-sector workers, totaling 2 billion reais ($352 million). This initiative, aimed at enhancing financial access and stimulating economic growth, allows loans with …

Brazil Introduces $352 Million Payroll-Deductible Loan Program for Workers Read More
Business / Companies / economics

Brazil Expands Payroll-Deductible Loans for Workers Amid Economic Challenges

March 12, 2025March 12, 2025 - by Sofia Nawab - Leave a Comment

Brazil has implemented new rules to expand payroll-deductible loans via a digital work card app, enabling private-sector workers to access more affordable credit. This measure, introduced by President Lula amid …

Brazil Expands Payroll-Deductible Loans for Workers Amid Economic Challenges Read More
Business / Companies

Atlantica and Cafebras: Brazilian Coffee Firms File for Bankruptcy Protection

March 10, 2025March 10, 2025 - by Carmen Mendez - Leave a Comment

Atlantica and Cafebras have filed for bankruptcy, seeking creditor protection due to debts of 2.13 billion reais. They cite financial crises linked to contract defaults and market conditions. Efforts to …

Atlantica and Cafebras: Brazilian Coffee Firms File for Bankruptcy Protection Read More
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