CAIXA Wrestling Sponsoring

The sponsorship program of the brazilian bank CAIXA marks the beginning of a revolutionary development  of Brazilian Wrestling. Since 2007, the investment bank promotes Brazilian Wrestling Association CBW (formerly CBLA). Between 2013 and 2016, an amount of over 11 million Real was paid (EUR 2.5 million) to the Wrestling Federation.
The funds are used for:
Maintenance of the three national Wrestling Centers.
Financing of athletes to international competitions and training measures. Payment of foreign coaches in Brazil.
Creation of Wrestling groups in schools.  Proyecto Escuela Caixa de Lucha Olimpica.
Promoting national competitions.

Caixa Econômica Federal, also referred to as Caixa or CEF, is a Brazilian bank. It is the second largest government-owned financial institution in Latin America, after Banco do Brasil. It is the fourth largest bank in Brazil by assets and one of the largest in Latin America. Caixa has more than 85 million accounts, with liabilities worth more than R$ 237.00 billion in savings or investment. Together with government pension funds and other governmental resources, Caixa controls more than R$ 1.80 trillion (roughly about US$ 630 billion). Caixa is seen as a tool for public investment and expansion of access to financial services to the Brazilian public.

Caixa is still the manager of most Brazilian lotteries, especially the most popular ones, such as Mega-Sena, Quina and Loteca (former Loteria Esportiva). The profits of Brazilian state (federal) lotteries are reverted to amateur sport promotion (including Wrestling) and elementary education.

Repot Caixa, Wrestling (portugues):

http://www20.caixa.gov.br/Paginas/Noticias/Noticia/Default.aspx?newsID=2852

http://www20.caixa.gov.br/Paginas/Noticias/Noticia/Default.aspx?newsID=2851