Brazil approved R$13 billion in new state credit, including R$5.4 billion for São Paulo, ending a loan standoff that had reached the Supreme Court.

Governor Tarcísio has taken São Paulo's fight over a R$5.45 billion loan guarantee to Brazil's Supreme Court, accusing the Finance Ministry of stalling.

Brazil approved R$13 billion in new state credit, including R$5.4 billion for São Paulo, ending a loan standoff that had reached the Supreme Court.