INSUBCONTINENT EXCLUSIVE:
In the wake of catastrophic flooding, Rio Grande do Sul faces a formidable and significant reconstruction challenge.Federasul projects a
staggering need for R$110 billion ($21 billion), potentially escalating to R$176 billion ($33.5 billion) in adverse scenarios.Fernando
Marchet, a Federasul executive and CEO of Bateleur, led this detailed analysis.During a virtual meeting this week, Marchet outlined the
Billion-Dollar Battle Against Flood Devastation
amounting to R$100 billion ($19 billion).The costs from recent floods are set to exceed these figures
He also warned of a potential drop to -2%.Additionally, accessing credit for reconstruction has become difficult, with many previous
collaterals now submerged.A $21 Billion-Dollar Battle Against Flood DevastationConsequently, corporate debt has risen among the impacted
businesses.Moreover, Marchet criticized federal measures as inadequate for the required rebuilding efforts.Current aid focuses on personal
reconstructing Rio Grande do Sul is a monumental task, crucial not just financially but for future regional stability and growth.The
recovery process is vital, highlighting the broader impacts of climate change on local economies and the need for sustainable
