The District Federal government has introduced a modified bill to assist the Bank of Brasília, capping credit operations at R$ 6.6 billion and reducing the number of properties involved in the proposal.
On October 24, the government of the Federal District presented a revised version of its bill to support the Bank of Brasília (BRB) to the Legislative Chamber. This new proposal sets a credit operation limit of R$ 6.6 billion through the Credit Guarantee Fund (FGC) or financial institutions. A significant change in the proposal involves the reduction of properties listed for sale or collateral from 12 to 9, which includes the exclusion of the Guará Park, a protected environmental area, from the initial proposal.
The decision to remove Guará Park from consideration was informed by its recent designation as an area of integral protection under the new Territorial Ordering Director Plan, approved by the District government just a day prior. This action highlights the administration's intention to balance financial support for BRB while respecting environmental regulations and local conservation efforts. The previous version of the bill was presented only four days earlier and included more aggressive capital measures aimed at stabilizing the bank's finances.
As the situation unfolds, this revised approach reflects not only the government's fiscal strategies but also a response to public and political scrutiny regarding the environmental implications of using protected areas for financial gains. The adjustments signal a potential shift in how local governments may navigate fiscal challenges while adhering to environmental responsibilities, setting a precedent for future legislative initiatives in Brazil.
