BRB Rescue Plan Confronts Rejection Warning as DF Lawmakers Eye Possible Vote Today

Overview

• After a 12‑hour closed‑door meeting, the CLDF may take the project to the floor today, but resistance persists and leaders plan to review possible amendments first.
• Legislative consultants recommend rejecting the draft for missing fiscal studies, legal justifications and asset appraisals, and cite LRF Article 36 and TCU precedent as potential hurdles.
• Terracap delivered valuations for nine properties totaling about R$6.4 billion, including the DF Administrative Center assessed at R$491 million, below the R$600 million cited by the governor.
• BRB chief Nelson de Souza told deputies the bank could stop functioning without approval, warning of interruptions to social transfers, high‑cost medicines, transport ticketing and credit lines, while insisting the bill is not a blank check.
• The proposal authorizes a loan of up to R$6.6 billion, including via the FGC, plus transfers or sales of public assets, with a separate shareholders’ meeting on March 18 to consider a capital increase of up to R$8.86 billion and multiple balance sheets due by March 31.