Rio Grande do Sul, Brazil debt suspension approved
On Wednesday, Brazil's Chamber of Deputies approved the three-year suspension of Rio Grande do Sul's debt payment to the Treasury, following the historic floods that caused at least 150 deaths and 620,000 displaced people in that southern state. teleSUR
Category
🗞
NewsTranscript
00:00 Brazil's Chamber of Deputies approved the suspension of the payment of the state of Rio Grande do Sul's debt to the Treasury for three years
00:06 following the floods that have left more than 140 people dead.
00:09 The measure proposed by the government of President Luiz Inácio da Silva
00:13 to mitigate the tremendous economic impact of the climate tragedy in the region
00:17 will now be analyzed by the Senate.
00:19 The executive branch defended that during the suspension,
00:22 interest on the debt will not be counted either,
00:25 with the aim of recovering the economic capacity of Rio Grande do Sul
00:28 in the shortest possible time.
00:30 With the suspension, around 10% of this amount will be destined for the reconstruction of this territory,
00:35 where heavy rains have partially or totally flooded entire cities in the last two weeks.