Brazil plans to handle about 300 billions reais of consumer credit debt for residents

The Brazilian government has released a related plan, with a target scale of debt disposal set at approximately 300 billion reais. The debt resolution efforts will focus mainly on credit card and unsecured personal loan sectors. This debt disposal measure centers on consumer credit for residents, and subsequent implementation is expected to play a corresponding regulatory role in alleviating liquidity in Brazil's consumer credit market and reducing personal debt pressure.