IDB approves $2 billion credit line for Brazil
Tweet
Share
E-mail
A drone view shows floating houses and boats on the dry bed of the Taruma Acu river, tributary of the Rio Negro river, near Manaus, Amazonas State, Brazil, October 16, 2024. REUTERS/Bruno Kelly/File Photo
(Reuters) -The Inter-American Development Bank (IDB) approved a conditional credit line of $2 billion to strengthen fiscal management in Brazil, it said on Friday.
The funds will go toward modernizing the South American nation's tax management processes and systems, the lender said in a statement, starting with an initial $30 million loan for the state of Amazonas.
(Reporting by Kylie Madry, Editing by Natalia Siniawski)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Vance says some in Israeli government sought to sway US on Iran deal
- European shares slip as investors weigh earnings, Mideast conflict
- Russia's 2026 budget deficit may exceed plans by $12.85 billion due to higher spending
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
