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Brazil’s Correios Seeks R$7 Billion State-Guaranteed Loan After R$5.55 Billion Loss

Brazil’s heavily indebted state-owned postal service, Correios, formally requested a R$7 billion loan guaranteed by the Federal Government to cover massive losses.

By Eleanor Shaw

Published
Brazil’s Correios Seeks R$7 Billion State-Guaranteed Loan After R$5.55 Billion Loss
Source: Eugenio Hansen, OFS / Wikimedia Commons (CC BY-SA 2.0)

Brazil’s heavily indebted state-owned postal service, Correios, formally requested a R$7 billion loan guaranteed by the Federal Government to cover massive losses.

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