RIO DE JANEIRO, BRAZIL - Brazil’s debt has ballooned to unprecedented levels due to the COVID-19 pandemic and the government faces a US$112 (R$600) billion refinancing challenge early next year, with April’s funding needs the highest ever for a single month.
Publicly, at least, Treasury officials in Latin America’s top economy insist there will be no problem getting investors to extend their loans. Their so-called liquidity cushion . . .