Brazil's Lula enacts Prospera MEI law, forgiving debts of 4 million entrepreneurs

Brazilian President Lula signed the Prospera MEI law, which forgives debts for 4 million micro-entrepreneurs and benefits 17.6 million total with debt relief, higher income limits, and growth facilities. The move is part of Lula's broader social and economic agenda, signaling a policy shift toward supporting small businesses, though fiscal implications remain uncertain.