Federal Government seek fresh loan of $1.2bn from Brazil

The Federal Government has requested a loan of $1.2bn from Brazil government. 

According to Zainab Ahmed, Minister of Finance, Budget and National planing, the purpose of the loan is to finance agricultural programmes in the 2021 budget. 

Zainab stated this during a meeting with the House of Representatives committee on Finance on Tuesday. 

She stated:

" I request for the approval for loan for the Green Imperative Programme which is for loan of $1.2bn from the Brazilian government.

"The purpose of this program is to address the whole of agricultural value chain from mechanization, production, processing and selling".