By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Rio de Janeiro officials, rushing to get everything ready for the 2016 Olympics in August received bad news yesterday from the federal government. The loan to finish the construction of Metro Line 4, which will take visitors to see the Games in Barr da Tijuca, will not be authorized if the state does not pay its creditors first.
“Credit operations must follow the parameters of the National Treasury. Among them is that the state is compliant. Without it, we will not endorse any new loans,” Treasury Secretary Ana Paula Vescovi . . .