Treasury
Treasury vetoes r$ 20 billion loan to correios due to high interest rates
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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.
Chile's Ministry of Hacienda sent a decree to the Comptroller General to cut $17.581 million from the Transient Emergency Fund for reconstruction after the Viña del Mar fires. The cut equals 3.5% of the $502.069 million budgeted for this year. It is part of a larger $150.379 million reduction in public treasury spending.
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BitMine Immersion Technologies bought 10,000 ETH from the Ethereum Foundation for $23 million in an over-the-counter transaction at $2,292.15 per ETH. This follows a similar sale the prior week and a March deal, with proceeds supporting Ethereum operations, R&D, ecosystem grants, and community initiatives.
Colombia's Public Credit Directorate awarded one-year TES bonds at a cut-off rate of 13.494% in the March 24 auction, setting a new historical high. With 5.29% inflation, this yields a real rate near 8.2%. The outcome signals heightened fiscal risk perception among investors.
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Treasury Secretary Scott Bessent has urged lawmakers to pass the Digital Asset Market Clarity Act before the end of the spring legislative window. In a recent interview, he emphasized the need for clear market structure rules amid ongoing volatility in crypto markets. Bessent highlighted bipartisan support and the importance of resolving disputes over stablecoin provisions.