Federal District Arranges 6 Billion Reais Loan to Stabilize State Bank BRB
Brazil's federal government and the Federal District agreed on Thursday to a 6 billion reais ($1.19 billion) credit package to support state-owned BRB. The operation will be executed by the Federal District with backing from the credit-guarantee fund FGC and guarantees from a bank syndicate, using district revenue flows tied to state and municipal …