Finance Minister Will Help Rio Negotiate Bank Debts
Listen to the story
Brazil's Finance Minister made an announcement about Rio de Janeiro. He said he will help Rio talk with banks about money it owes.
Rio owes money to banks. This money is called a debt. The governor of Rio said the debt is 26 billion reais.
The governor is the leader of the state. He asked for help with the debt.
The Finance Minister will help with a negotiation. A negotiation is when people talk to find an agreement. Rio must talk with two banks. The banks are called BNDES and Banco do Brasil.
BNDES is a big Brazilian bank. It gives money for development. Banco do Brasil is another big bank in Brazil.
The government wants to help Rio pay its debts. Rio needs a good plan for this.
This news is about money problems for Rio de Janeiro. It is also about how the government can help.
Vocabulary15 words
- Finance Minister
- the government leader for money matters
- debt
- money that you owe to someone
- governor
- the leader of a state
- negotiation
- talking to find an agreement
- BNDES
- a large bank in Brazil for development
- Banco do Brasil
- a big bank in Brazil
- mediate
- to help two sides agree
- financial institution
- a bank or similar company
- billion
- one thousand million
- state
- a big part of a country, like Rio de Janeiro
- agreement
- when people say yes to the same plan
- owe
- to need to pay money back
- plan
- an idea for what to do
- help
- to do something good for someone
- money
- what people use to buy things
Quiz
Answer key
1. The Finance Minister 2. 26 billion reais 3. BNDES and Banco do Brasil
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Brazil's Finance Minister made an announcement about Rio de Janeiro. He said he will help Rio talk with _____ about money it owes.
Rio owes money to banks. This money is called a _____. The governor of Rio said the debt is _____ reais.
The governor is the leader of the state. He asked for help with the _____.
The Finance Minister will help with a _____. Rio must talk with two banks. The banks are called BNDES and _____.
BNDES is a big Brazilian bank. It gives money for _____. Banco do Brasil is another big bank in Brazil.
The government wants to help Rio pay its _____. Rio needs a good _____ for this.