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


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  The government of President Luiz Inácio Lula da Silva expects to raise $2 billion in financing for sustainable projects through a new auction to be announced on Monday as part of the Eco Invest Brazil program, focusing on initiatives to recover degraded pastures. The new auction is part of the "blended finance" line of the Eco Invest program, which combines public and private capital to reduce financing costs and stimulate sustainable initiatives in the private sector, while also reducing the ri

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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