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Luiz Inacio Lula da Silva, Brazil's president, left, and Fernando Haddad, Brazil's finance minister, at the Planalto Palace in Brasilia, Brazil, on Thursday, May 9, 2024. Haddad rolled out a plan worth 50.9 billion reais ($9.9 billion) to help millions of people hit by devastating floods in the nation's south as investors keep a wary eye on spending. Photographer: Andressa Anholete/Bloomberg via Getty Images

Luiz Inacio Lula da Silva, Brazil's president, left, and Fernando Haddad, Brazil's finance minister, at the Planalto Palace in Brasilia, Brazil, on Thursday, May 9, 2024. Haddad rolled out a plan worth 50.9 billion reais ($9.9 billion) to help millions of people hit by devastating floods in the nation's south as investors keep a wary eye on spending. Photographer: Andressa Anholete/Bloomberg via Getty Images