Brazil’s state-owned bank and lottery provider Caixa has renegotiated BR820m in debt through the newly relaunched Desenrola Brasil program, according to its President Carlos Vieira.
The latest stage of the Federal Government’s debt renegotiation initiative was relaunched by the start of May and targets families, students and small business owners seeking to restructure outstanding debt and regain access to formal credit.
Vieira said the program is rapidly approaching BR1bn in renegotiated debt, echoing recent comments made by Finance Minister Dario Durigan.
The new phase of Desenrola Brasil will remain active for 90 days and includes discounts of up to 90%, reduced interest rates and the possibility of using balances from Brazil’s employment protection fund (FGTS) to reduce debt burdens.
According to Caixa executives, the FGTS-linked repayment functionality is expected to become operational from 25 May due to ongoing regulatory adjustments.
The program has become closely linked to Brazil’s betting debate after the Federal Government confirmed that participants joining renegotiation programs under Desenrola 2.0 will face temporary restrictions on accessing online betting platforms.
Brazilian authorities have argued that betting activity is contributing to household indebtedness and financial vulnerability, particularly among lower-income consumers.
Alongside the debt renegotiation update, Vieira revealed that Caixa recorded approximately BR20m in losses linked to fraud involving Caixa Tem, the bank’s digital platform, following cyberattacks during 2025.
The bank said it plans to invest BR5.9bn in technology this year as part of efforts to strengthen security and digital infrastructure.
Caixa recently introduced operational changes aimed at reducing risks linked to instant-payment Pix transactions across its lottery network
