Lula and Haddad met with rating agencies in New York, VP Alckmin said the LCD could raise R$ 1.5 trillion to finance the industrial sector, and the CAE will hold a public hearing on the impact of Tax Reform

BRAZIL POLITICS - Report 24 Sep 2024 by Murillo de Aragão and Cristiano Noronha

President Lula and Finance Minister Fernando Haddad met yesterday with representatives from the rating agencies Moody's and Standard & Poor's (S&P). At the end of the meeting, Haddad said that “the outlook is good.” Yesterday, Vice President Geraldo Alckmin stated that the Development Credit Note (LCD), aimed at industries, could raise around R$ 1.5 trillion to finance the sector. The launch is scheduled for October. Today, the Economic Affairs Committee (CAE) is holding a public hearing on the impact of tax reform on differentiated and specific regimes.

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