Brazil Suspends Rio Grande do Sul’s Debt for Three Years to Aid Reconstruction

Brazilian President Luiz Inácio Lula da Silva announced on Monday a three-year suspension of debt payments for Rio Grande do Sul. This southern state faces severe devastation due to recent floods. Immediate government intervention became necessary. The announcement came during a virtual meeting with Lula, Finance Minister Fernando Haddad, and Governor Eduardo Leite. Congress will […]