Treasury

Treasury vetoes r$ 20 billion loan to correios due to high interest rates

2 december 2025 Rapporterad av AI Bild genererad av AI

The National Treasury refused to provide a guarantee for a r$ 20 billion loan negotiated by Correios with a bank consortium, deeming the interest rate excessive. The decision was communicated to the state-owned company's president, Emmanoel Rondon, on Tuesday, December 2, 2025. The company now seeks new negotiations to adjust the terms.