Lula Plans $28 Billion Debt Buyout to Aid Consumers Before Vote
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Brazil’s government plans to spend 15 billion reais to buy as much as 150 billion reais ($28 billion) of delinquent consumer debt from banks, part of President Luiz Inácio Lula da Silva’s push to ease the financial strain on households and bolster his bid for a fourth term.
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https://www.bloomberg.com/news/articles/2026-09-25/lula-plans-28-billion-debt-buyout-to-aid-consumers-before-vote
