Billion-dollar loan from BRB: see where the 12 properties that the GDF wants to use as 'collateral' are located
The government of the Federal District has proposed offering 12 public properties as collateral for a billion-dollar loan from the Bank of Brasília (BRB).
The government of the Federal District has put forward a project to the Legislative Chamber that seeks to use 12 public properties as collateral for a significant loan from the Bank of Brasília (BRB). This project includes diverse locations, such as green areas in parks, the headquarters of the Companhia Urbanizadora da Nova Capital do Brasil (Novacap), and the abandoned Administrative Center of the DF (Centrad). The aim is to secure financial backing to address pressing budgetary needs.
Governor Ibaneis Rocha from the MDB aims to push this proposal through the legislative process quickly, hoping to have it approved within the week. However, the president of the Legislative Chamber, Deputy Wellington Luiz, indicated that discussions would not commence until the following week, as the proposal needs to be reviewed by several committees including those dealing with economy and finances. This highlights the legislative hurdles that could delay the loan arrangement despite the urgency expressed by the government.
The choice of properties for collateral reflects the government's strategy to leverage existing assets for financial gain amid economic challenges. Although there was outreach to both the BRB and the Secretariat of Economy for comments on the proposal, no responses were received by the time of this report. The situation underscores the ongoing fiscal pressures faced by the local government and its reliance on innovative financial mechanisms to meet its obligations and development goals.