MACROBrazil
Government creates the third phase of Desenrola, in which the federal government buys up to R$ 150 billion in household debt with a minimum 90% discount
President Lula signed on September 25 a provisional measure creating the third phase of the Desenrola program, in which the federal government may buy at auction portfolios of debts overdue for two to four and a half years, of up to R$ 10,000 each, and pass the discount on to debtors. Up to R$ 150 billion in debt may be eligible, with a minimum 90% discount; the government set aside R$ 15 billion for the program, according to Planning Minister Bruno Moretti. Caixa and Banco do Brasil may execute the operations, and the timeline calls for a creditor call in November and discounts starting in February 2027.