Brazil's Desenrola 2.0 debt renegotiation program reaches R$ 44.1 billion

The Brazilian government's Desenrola 2.0 program has renegotiated R$ 44.1 billion in debt across household and corporate sectors since its May launch. With the program set to conclude on August 3rd, the data highlights significant utilization of state-backed credit facilities like Pronampe. The impact on long-term household leverage and bank balance sheets remains to be fully assessed.