13 November 2026, Brasília, BR: Brazil’s Senate approved a rural debt renegotiation bill on Wednesday, clearing the measure’s final legislative hurdle and sending it to President Luiz Inacio Lula da Silva, who has not yet indicated whether he will sign it.
The measure began as a provisional decree, MP 1.376/2026, which lawmakers converted into bill PLV 16/2026. The Chamber of Deputies approved that version on Tuesday, and the Senate followed a day later. Under Brazil’s constitution, Lula has 15 working days from formal receipt of the bill to sign or veto it, though the article does not specify when that clock starts.
The bill lets producers and cooperatives hit by extreme weather between 2019 and 2025 refinance their…