Brazil government to extend $850 mln credit to Rio state government

Reuters News
Posted: Jun 21, 2016 5:51 PM

BRASILIA (Reuters) - Brazil's government authorized an emergency transfer of 2.9 billion reais ($850 million) on Tuesday for the cash-strapped government of Rio de Janeiro state to help pay for infrastructure and security for the Olympic Games in August.

The authorization, published in the government's official gazette, confirmed a Reuters report on Saturday.

($1 = 3.41 Brazilian reais)

(Reporting by Anthony Boadle; Editing by Tom Brown)