Brazil Ruling Allows Bailout of Rio 2016 - News Summed Up

Brazil Ruling Allows Bailout of Rio 2016


ENLARGE The Paralympic Games will run Sept. 7-18 and are threatened by a funding shortfall at Rio 2016. It wasn't immediately clear if city hall’s contribution to Rio 2016 would legally qualify as a donation. Paralympics officials said they hadn’t received travel grants that were due in July, and Rio 2016 officials suddenly began acknowledging a cash shortfall that might force them to pare down the Paralympics. On Friday, a judge granted prosecutors an injunction against any transfers from the government to Rio 2016. Prosecutors say that would be of little use unless Rio 2016 shows why it needed public money in the first place.


Source: Wall Street Journal August 17, 2016 22:10 UTC



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