The Brazilian government announced lately a series of measures with the goal of renegotiating debts and reducing the cost of new loans for small businesses and low-income families. Additionally, Brazil established a secondary market for real estate credit. These initiatives align with efforts to stimulate economic activity in the country.
The program, called “Acredita,” has been launched through an executive order signed by President Lula during a recent event. It aims to facilitate the provision of microcredit to individuals registered in CadUnico, the federal government registry that grants access to social programs, including the Bolsa Familia welfare cash handout. The government’s statement highlights that the program also make it easier for small businesses to access credit at lower interest rates and renegotiate debts, following a similar model to the “Desenrola” program for individuals that was introduced by President Lula in 2023 and extended until May of this year.
Another measure included in the government’s package is the creation of a secondary market for real estate credit. This initiative allows banks to offer real estate credit to the middle class at affordable rates. The government used the same executive order to publish the necessary legal measures for the establishment of its foreign exchange hedge solutions platform, which aims to attract foreign investors. This platform was initially announced in February.
For more news on real estate, click here.
