Bank associations donate BRL 1.2 mi to rain-stricken states
The Brazilian Federation of Banks (Febreban) and the Brazilian Association of Banks (ABBC) will donate BRL 1.2 million to the Brazilian states of Bahia, Minas Gerais, Tocantins, and Maranhão to help repair the damage caused by the rains. The move was announced on social media by the country’s Citizenship Minister João Roma.
In a series of tweets, Roma declared that the two entities are joining efforts with state-controlled banks Caixa, Banco do Brasil, and Banco do Nordeste “to rebuild the lives of the people who are still suffering from the consequences of this tragedy.”
“I feel happy and thankful for these institutions that are working to write a new page in the history of these cities and their people,” he wrote.
Federal resources
Thus far, Brazil’s government has earmarked approximately BRL 188 million for the areas affected by the heavy downpours. Of this total, BRL 140 million were set aside for Bahia and BRL 49 million for Minas Gerais—the states where conditions are at their most critical.
