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OverviewAPI
Brazil's audit court approves BNDES payment deferral to the Treasury until 2030, allowing the deferral of 22.6 billion reais ($4.61 billion) in loan payments. This deferral results from an agreement between BNDES and the Finance Ministry under President Luiz Inacio Lula da Silva's administration, aiming to return loans received from the Treasury, straining public finances, and crowding out commercial lenders from capital markets.

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