Brazil announces bill to forgive $2.5 billion in micro-entrepreneurs debt

Brazil announced on ​Tuesday it would send ‌a bill ​to Congress aimed at forgiving micro-entrepreneurs' debt with the government, adding it seeks to tackle ‌about 12.6 billion reais ($2.51 billion) in debt.

The government said in a statement it was also launching a program to purchase micro-entrepreneurs' debt with ‌the private sector. ($1 = 5.0103 reais)