News:
Brazil: Government Ready to Offer More Aid to Agricultural Sector
Brazil's government is ready to offer more aid to farmers, adding to an aid initiative announced last week, as losses in the country's agricultural sector crimp growth, Agriculture Minister Roberto Rodrigues said.
Brazilian President Luiz Inacio Lula da Silva has asked Finance Minister Guido Mantega to extend aid to farmers and renegotiate their debt, Rodrigues told reporters in Brasilia today.
The government last week announced 50 billion reais ($21.7 billion) in aid for commercial crops and another 10 billion reais for family agriculture.
The government said in a report today that losses in agriculture curbed gross domestic product growth in the first quarter.
Source: Bloomberg
Date(range)
1 June 2006, 00:00