Brazil launches Agora e Avancar program

Brazil launches Agora e Avancar program

Loans Project & Infrastructure Finance Brazil

Brazil's central government has launched the Agora e Avancar, or "Now, move forward" program, to kickstart previously stalled social infrastructure works. According to a statement from the government, the program is being rolled out across several ministries and requires BRL130bn ($40bn) in investments before December 2018. Funds will come from the central government's general budget, the Workers' Severity Indemnity Fund (FGTS) and from state-run companies including Caixa Economica Federal, Petr

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