BRASILIA, July 22 (Reuters) – The Brazilian government on Wednesday announced 18.5 billion reais ($3.66 billion) in financing for companies hit by U.S. tariffs, adding the resources will also target firms impacted by international conflicts.
In a statement, the administration of President Luiz Inacio Lula da Silva said 13.5 billion reais in credit will come from the Treasury, while state-run development bank BNDES will provide the remaining 5 billion reais.Â
($1 = 5.0563 reais)
(Reporting by Lisandra Paraguassu in Brasilia; Writing by Andre Romani; Editing by Chris Reese)
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