An aerial view of the 2016 Rio Olympics Park in Rio de Janeiro, Brazil, April 25, 2016. REUTERS/Ricardo Moraes
BRASILIA (Reuters) - Brazil is considering an emergency loan to the cash-strapped state of Rio de Janeiro as it prepares to host the Olympic Games in less than two months, two senior government officials familiar with the situation told Reuters.
The loan would be backed by the state's participation in local companies and could be extended to the states of Minas Gerais and Rio Grande do Sul, which are struggling to pay employees and pensioners as a crippling recession slashes tax revenues.
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