Brazil's Senate cleared up to 15 billion reais in export credit for firms hit by American tariffs and the Middle East war, sending the bill to Lula.
Trade Finance
Key Facts
—The vote. The Senate floor approved up to R$15bn ($2.9bn) in credit lines on 8 July, sending the text to President Lula for signature.
—The vehicle. Conversion bill 7 of 2026, derived from Provisional Measure 1345, which would have lapsed on 22 July.
—The backstop. The Export Guarantee Fund, known as the FGE, may be used to cover the risk on the loans.
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