As of April 2024, Brazil’s federal public debt witnessed a subtle yet significant uptick of 0.99%, reaching R$6.704 trillion ($1.29 trillion). The National Treasury reported that internal securities (DPMFi) rose by 0.97% to R$6.423 trillion ($1.235 trillion). External debt (DPFe) increased by 1.37% to R$281 billion ($54 billion), which was considerable more than in March […]
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Ransom at Rio: Park Project Held Hostage by Crime Groups
In a new development, Mayor Eduardo Paes is actively confronting a growing, dangerous criminal trend in Rio de Janeiro. Criminal factions are extorting R$ 500,000 ($100,000) to permit the construction of Parque Piedade, a development with a budget of R$65 million ($13 million). This echoes a national issue of criminal influence on development projects. Rio’s […]