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By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The federal government will send a bill to Congress next week to assist states in financial difficulties.

It is intended to aid states that are regarded as poor payers. The federal government is willing to act as guarantor for loans that governors may obtain from banks or international institutions.

Should the states fail to comply, the federal government will settle repayments, alike any other guarantor.

As a result, the government expects that states will be able to borrow up to R$40 (US$10) billion in four years. States facing cash . . .

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