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Rio State Officials Seek Aid from Private Banks

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – With Rio de Janeiro facing one of its worst financial crises ever, state finance secretary, Gustavo Barbosa, met on Monday (November 14th) with representatives of several banks in São Paulo to see if he could find a solution to late wage payments. The federal government has stated that it would not aid the state until its R$170 million debt with the Union is paid.

“I am here in São Paulo to try to obtain extraordinary resources,” said Barbosa during a TV interview on Monday.

According to Agencia . . .

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