The Brazilian government will release 50 billion reais (around 9 billion euros) for the reconstruction of the state of Rio Grande do Sul, a southern region devastated by unprecedented floods, announced Thursday, May 9, the Minister of finance, Fernando Haddad.
Mr. Haddad presented in Brasilia, during a meeting to discuss responses to the tragedy, in the presence of President Luiz Inacio Lula da Silva, a set of measures that prioritize the granting of loans to help workers , businesses and municipalities affected.
Nearly 1.5 million people affected
At least 107 people have died, 374 others have been injured and 136 are missing following the torrential rains that hit the region all last week, according to the latest civil defense report published on Thursday.
Nearly 1.5 million people were affected and more than 164,000 evacuated following the exceptional rains; a natural disaster that experts and the government associate with climate change.
The floods affected the state capital, Porto Alegre, and its 1.4 million inhabitants, but also more than 400 localities in the region.
