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Market
Level of federal financial support for Rio Grande do Sul by the end of 2024
2
Resolution / Starting Odds
Increased • 25%
Decreased • 25%
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Withdrawn • 25%
Official budget releases or statements from the Brazilian government
Story
Brazil Floods: 29 Dead, 60 Missing in Rio Grande do Sul, State of Emergency Declared
May 2, 2024, 04:40 PM
Severe flooding in Brazil's southern state of Rio Grande do Sul has resulted in at least 29 deaths, 60 people missing, and 5,257 displaced. The region has experienced catastrophic flooding due to torrential rains, leading to a state of public calamity declaration and a state of emergency. The intense rainfall, which accounted for about 70% of the region's monthly precipitation in just a few days, caused significant damage, including the collapse of the 14 de Julho dam. This disaster has left many without power and clean water. Brazilian President Luiz Inacio Lula da Silva visited the affected area to oversee the response efforts.
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Decrease more than 5% • 25%
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Increase due to reconstruction efforts • 25%
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