By Bernardo Caram
BRASILIA, April 7 (Reuters) – Brazil’s government is preparing a new credit renegotiation program backed by federal guarantees to curb rising household debt, two sources with direct knowledge of the matter said.
The initiative, expected to be announced this week, revives a strategy used early in President Luiz Inacio Lula da Silva’s term. The sources requested anonymity because the plans are not yet public.
The move comes as Lula pushes measures to ease pressure on household budgets ahead of October’s election, with his lead over main rival Senator Flavio Bolsonaro narrowing to a statistical tie in runoff polls.
The previous “Desenrola” program, rolled out between late 2023 and 2024, offered…