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The Brazilian government has allocated R$50 (US$10) billion to encourage financial institutions to participate in the Desenrola Brasil program. This initiative targets individuals with earnings up to annual R$20,000 who have outstanding bank debts as part of the program’s second track. Finance Minister, Fernando Haddad, explains that the funds will serve as a presumed credit, […]
Peru’s top cop, General Jorge Angulo, states the police force faces a critical lack of resources. He blames the deficit on frequent government changes and high-ranking officer removals. These obstacles have stopped consistent planning and project rollouts. In an interview, Angulo called the resource scarcity unprecedented. “We urgently need more cars,” he added. He’s trying […]
Ecuadorian President, Guillermo Lasso, intends to appeal for the discontinuation of the Schengen visa requirement for Ecuadorian citizens during the Third EU-CELAC Summit held in Brussels, Belgium. The Schengen visa is necessary for short-term stays across 27 European nations. Lasso, in office since May 2021, and his administration have been diplomatically working towards this goal […]
This Monday, the U.S. dollar witnessed a modest decline against the Brazilian real, marking a continuation of the price adjustments that began last Friday following a recent uptick in Brazil. While the dollar strengthened against most major currencies globally, it fell locally by 0.59%, with spot rates closing at R$5.168 to buy and R$5.169 to […]