The nation has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets
The New Bank of Development (NDB), run by the BRICS group comprised of Brazil, Russia, India, China and South Africa, has earmarked $10 billion for fighting the pandemic. Eventually, Brazil is expected to receive a fifth of those funds.
Brazil has the world's deadliest coronavirus outbreak outside the United States, with 232,170 fatalities among more than 9.5 million cases.