World · Latin America · 1 hr ago

Chapecó to advance 25 million reais to suppliers after tornadoes

Chapecó to advance 25 million reais to suppliers after tornadoes

Chapecó will pay suppliers 25 million reais early after tornadoes hit the city in Santa Catarina, Brazil.

The money is for municipal suppliers and service providers, including small and medium-sized businesses.

The advance follows tornadoes that struck the state and affected much of Chapecó in recent days.

The city says the payments aim to support the local economy after the storm.

Payments began on Wednesday and are expected to be completed by Friday.

The city council is also expected to approve a 2.5 million reais transfer to municipal funds on Thursday, using savings from its budget.

That transfer is being brought forward from the usual end-of-year process.

1 source

Related