Monday, 15 May 2017 20:11

Brazil a Failed State?

A reader has asked the “philosophical” question in the title. As he points out, the economy is in shambles, corruption continues rampant, inflation threatens to run away, protests seem futile because no politicians seem to do anything except cover their backsides and pad their bank accounts.
China's Premier Li Keqiang arrived in Brasilia on Monday to sign agreements on infrastructure, energy and aviation that experts say could reach 100 billion dollars. The South American tour also includes Colombia, Peru and Chile and aims to restructure China's resource-driven trade with Latin American countries by including more value-added products.PM Li Keqiang will be meeting with President Rousseff Tuesday in Brasilia and sign a raft of agreements before flying to Rio do Janeiro (Pic Xinhua) Li is scheduled to meet Brazilian President DilmaRousseff in Brasilia on Tuesday, sign the agreements and meet the press.He will also address Chinese and…
China will invest 50 billion dollars to help overhaul Brazil's aging infrastructure, the government announced on Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang next week. Brazil has repeated that it was determined to overhaul its dilapidated roads, railways, airports and ports.Premier Li arrives Tuesday in Brasilia on an official visit and will also visit former capital Rio. He then flies to Colombia, Peru and Chile.President DilmaRousseff fighting to revive the economy said she wanted greater trade cooperation with Beijing and would look to strike a free trade accord. "There are 50 billion in new projects,"…
Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained centralto ensuring the recovery as a commodity price boomwaned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency. Levy reiterated that the government is sticking to its primary surplus target of 1.2% of GDP, something the IMF said is crucial to regain investors' confidence. Generous spending and tax breaks in President DilmaRousseff's first term left Brazil with an overall deficit of 7.8% of GDP in the…
Dec 2014. Strong commodity pricing, growing consumermarkets and low interest rates underpin continued economy growth in Latin America. What do market experts predict for the region’s fastest growing industries? What do creeping protectionism, increased competition and corruption spell for international companies in places like Brazil, Argentina and Mexico?   We pose these questions to John Price, Managing Director of GIA Partner, Americas Market Intelligence, based in Miami, USA. Q1: What industries have great potential for growth over the next 3­5 years? “Consumer credit will continue to grow at 8% to12% per year in Latin America over the next few years…
Brazil's central bank has announced plans to reduce the amount of money commercial banks keep in reserve, in a bid to boost economic growth.The bank says the measure will free up some $13bn (£7.6bn), which banks could lend to businesses and individuals.The Brazilian economy is expected to expand by 1% this year - the fourth consecutive year of sluggish growth.The central bank announcement comes less than three months before presidential elections. President Dilma Rousseff will seek a second four-year term in October.In 2010, when she was elected, Brazilian gross domestic product (GDP) grew by 7.5%. Growth dropped to 2.7% in…
How to lose the WorldChampionship Football and still             win the Cup.     "We lost the trophy, but Brazil won the World Cup," said Aloisio Mercadante, Brazilian president Dilma Rousseff's chief of staff, in a statement. "Brazil showed that they know how to win, lose, host and celebrate peace with respect and a 'make yourself at home' atmosphere that won the world over." According to government figures, 1 million foreign tourists visited Brazil during the month-long event, far exceeding its pre-Cup projection of 600,000 visitors coming to the country from abroad. About 3 million Brazilians traveled around the country…
The Brazilian state of Pará, neighbouring Suriname and in the Brazilian Amazon will receive a $26.4 million loan from the Inter-American Development Bank (IDB) to stimulate its ecotourism activity in the region in order to generate new employment opportunities and increase household income. The State of Pará with excellent connections to Suriname, has vast environmental assets and cultural resources that might serve as basis for a strong tourism industry, but this potential has not yet been fully developed. Pará receives only 0.29 of the international tourism that visits Brazil.
Sunday, 06 July 2014 00:00

Work for Brazil

There's a spoof calendar doing the rounds in the Brazilian media. It's particularly popular among online hacks who can't resist a dig at Brazil's many flaws and weaknesses.The calendar essentially highlights the three or, at a push, four months during the coming year that Brazil will be "open for business". After the usual extended summer holidays, we'll all be briefly back to work before clocking off again for Carnival.
Sunday, 06 July 2014 00:00

1,7 Million live in Rio's Favelas

Rio - With a population of 1.7 million inhabitants in approximately one thousand communities, shanty towns or favelas, consumers from the favelas of Rio de Janeiro move $ 13 billion a year.Nearly 30% of what is spent in all communities of the country. Much of this consumption is due to the growth of slums in the class C, in 10 years, growing from 45% to 66% of the population."This is the income of the residents of the favelas of Rio. We have 13% of residents in classes A and B in higher standards and 66% C-class living in the communities.…
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