The state of rio is broke. Rio ’s revenue greatly relies on the price of oil, thanks. Since the olympics , unemployment has doubled, the gdp has fallen 8. 4 percent, and the wages and pensions of public employees have been cut by 30 percent. The state of rio owes more than 107 billion reais (about $31 billion) to the federal government and other lenders, according to the national finance ministry. It was largely abandoned after the olympics and paralympics, and then hit by vandals who ripped out thousands of seats and stole televisions. In 2016, when theoretically there would have been more jobs than ever due to t. · three months since the rio de janeiro summer olympics , the “marvelous city,” as it’s known, is unraveling. In may, the state began missing debt payments to international creditors. A federal bailout kept police on the streets and hospitals open while olympics tourists were in town. Their latest report, written at the end of last. An undertaking like that would have completely revitalized the rio water treatment facilities, providing cleaner water for residents for dec. The 2016 summer games were supposed to bring rio and brazil to new financial and athletic heights. But six months after south america’s first games, the flood gates have burst open. The athletes’ villa. · rio de janeiro , brazil (nbc) - rio de janeiro pulled off last years olympics , keeping crime at bay and fending off dire forecasts of corruption, environmental degradation, and cost overruns. The state of rio —as well as the city itself—was broke before the games began. A city and country shrouded by corruption, debt and broken promises. It only gets worse from there. The olympics proved the further the divide between poor brazilians, particularly those living in favelas, and the police officers who are supposed to be protecting them. According to amnesty international, there was a 135 percent increase in killings by police officers in the months before the games. Whats left behind? Experts estimate that the olympics cost brazil around $12 billion; So far, it is not an investment that has paid off. See full list on archive. thinkprogress. org Earlier this month, anna jean kaiser investigated the aftermath of the rio olympics for the new york times, and what she found wasn’t pretty. It hasn’t been able to pay its bills since long before the games. · of all the places in brazil, rio has been hit hardest.
