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Brazil Extends $850M Emergency Loan To Rio For Olympics

Published in SportsBusiness Daily Global on 06 / 23 / 16

Brazil's government authorized an emergency transfer of R$2.9B ($850M) on Tuesday "for the cash-strapped state of Rio de Janeiro to help pay for infrastructure projects and security for the Olympic Games in August," according to Paraguassú & Ayres of REUTERS. The government's officia...

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Tags: Olympics, Brazil

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