Brazil approves limited $8bn pandemic spending package
Brazil’s Congress has approved an $8bn emergency aid package to help deal with a second wave of the coronavirus pandemic that has triggered economic shutdowns across the country.
The package, which is considerably smaller than the $50bn stimulus passed at the beginning of the crisis last year, was welcomed across the political spectrum, with economists and investors lauding its limited impact on Brazil’s growing debt pile.
By Bryan Harris and Michael Pooler via Financial Times