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17 mar 2017

Pension funds released to stimulate growth

Brazil: Pension funds of R$ 40 billion released to stimulate growth

The Temer government has started a program of releasing up to R$ 40 billion, that previously was frozen until the employee's retirement, untill July 2017. It is expected that between R$ 30 and 35 billion will be injected into the Brazilian economy this year, equal to 0,5% of the total GNP.

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