Brazil’s Government Releases R$5 Billion to Finance Tourism Infrastructure

The opening of the extraordinary line of credit is included in Provisional Measure 963/2020, published in the Federal Gazette (DOU) on Friday, May 8th.

RIO DE JANEIRO, BRAZIL - The federal government released R$5 billion (US$872 million) in "Official Credit Operations" to finance the national tourism infrastructure.

The release of this extraordinary line of credit is included in Provisional Measure 963/2020, published in the Federal Gazette (DOU) on Friday, May 8th.

The measure states that the application of funds is linked to the so-called 'Hora do Turismo' (Tourism Time) Program, of the Ministry of Tourism, and that the amounts are under the oversight of the General Tourism Fund (FUNGETUR . . .

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