US Markets

Brazil govt launches package of measures to create up to 4 mln jobs by end-2022

Credit: REUTERS/PAULO WHITAKER

Brazil's government on Monday announced a range of measures and legislative proposals to create up to 4 million jobs by 2022 and inject tens of billions of reais into the economy through loans and projected savings for private and state-run firms.

BRASILIA, Nov 11 (Reuters) - Brazil's government on Monday announced a range of measures and legislative proposals to create up to 4 million jobs by 2022 and inject tens of billions of reais into the economy through loans and projected savings for private and state-run firms.

In a presentation in Brasilia attended by Work and Pensions Secretary Rogerio Marinho, the government said microcredit loans could total 40 billion reais over three years, state-run firms could save 37 billion reais over five years from new rules on labor dispute compensation, and a draft bill on labor disputes could inject up to 65 billion reais into the economy.

($1 = 4.15 reais)

(Reporting by Marcela Ayres Writing by Jamie McGeever)

((jamie.mcgeever@thomsonreuters.com; +55 (0)11 97189 3169; Reuters Messaging: jamie.mcgeever.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More