Brazil’s Massive Public Loan Injection to Revitalize Cities

In 2023, President Luiz Inácio Lula da Silva’s administration marked a record year for financial support to Brazilian municipalities. Public banks and development agencies allocated 16.1 billion Brazilian reais ($2.96 billion) in loans, reflecting a 42.4% increase from the 11.3 billion reais ($2.07 billion) provided in the previous year. The Caixa Bank managed the majority, […]