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Event Brief

Brazil External Debt Hits Record $397B

Brazil's external debt reached a record $397.5 billion, squeezing reserves and raising concerns over financial stability.
WHO: Brazil
WHAT: External debt reaches record levels
WHEN: Mar 12, 2026 at 8:07 AM ET
WHERE: Brazil
WHY: Driven by banking sector borrowing and shrinking reserves
Sources (1): Rio Times

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