Brazil's Treasury will receive 45 billion reais ($8.5 billion)from loans it has granted to development bank BNDES in the past, the Economy Ministry said on Tuesday, an action that will help reduce the country's gross debt, APA reports citing Reuters.
The amount still owed by BNDES totals 69.1 billion reais, and the bank will pay the Treasury 45 billion reais by November 30th, the ministry said in a statement.
The remaining 24.1 billion reais will be paid off by November 30, 2023, it added.