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The Independent UK
The Independent UK
National
Via AP news wire

Brazil's Lula wants to renegotiate loans if elected

Copyright 2022 The Associated Press. All rights reserved.

Former President Luiz Inácio Lula da Silva pledged Thursday night to renegotiate household debts of Brazilians if he wins October's election, making another promise seeking to lure support from tens of millions experiencing hardship.

The announcement came a day after U.S. President Joe Biden announced that some Americans will receive up to $10,000 in federal student loan debt forgiveness. Many Brazilians are eager for relief at a time when inflation is running at nearly 10% and the poor are struggling to make ends meet.

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