Brazil has revealed plans to debut sustainable sovereign bonds worth US$2 billion this September, with the funds directed towards environmental and social projects. Darío Durigan, the Executive Secretary of the Ministry of Finance, announced at a Fondo para el Clima management committee meeting. He stated that the global community would soon observe and acquire these […]
Related Posts
Rising Household Debt in LatAm Poses Risk to Financial Sector
Household debt levels have surged over the past five years in key Latin American countries, including Brazil, Mexico, Chile, Colombia, and Peru. According to a Tuesday report by Moody’s Investors Service, this increase has created vulnerabilities in their financial systems. The exposure to consumer loans varies by country. Brazil leads the pack, with over 40% […]
Ibovespa Suffers 3% Drop in May Amid Fiscal Concerns and Central Bank Changes
May was tough for Brazil’s primary stock index, the Ibovespa, which dropped 3.04%, bringing its annual loss to 9.01%. This decline wasn’t just about international trends like U.S. interest rates; local issues also played a big part. Throughout 2024, Ibovespa has felt the impact of foreign investment withdrawal, primarily due to the rising U.S. interest […]
C6 Fest in São Paulo: Check Out This Sunday’s Schedule
The latest C6 Fest wraps up this Sunday, May 19, at Ibirapuera Park with artists like Noah Cyrus, Soft Cell, Black Pumas, Pavement, and Daniel Caesar. The festival debuted in 2023 in Rio de Janeiro and São Paulo. For those still interested, tickets are still available. For the festival’s final day, eleven performances are scheduled. […]