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Brazil's government aims to raise $2 billion in financing with new Eco Invest auction

Brazil's government is planning to raise approximately 2.5 billion reais ($487 million) through the sale of shares in six state-run companies, including Petrobras and Banco do Brasil, as part of a broader initiative to reduce public debt and stimulate economic growth. This move, announced by the Ministry of Economy, is part of a strategy to divest non-strategic assets and is expected to help the government meet its fiscal targets while also attracting foreign investment. The sale of these shares is seen as a critical step in President Luiz Inacio Lula da Silva's administration's efforts to stabilize the economy and foster a more business-friendly environment.

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