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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,"…
In 2012, Latin America and the Caribbean received a record 173.361 billion dollars of foreign direct investment (FDI) (6.7% more than in 2011), despite an external context characterized by shrinking FDI flows worldwide. The figures are attributable to the region's steady economic growth, high prices for raw materials and the impressive returns on investments related to natural resource exploitation, according to the report Foreign Direct Investment in Latin America and the Caribbean 2012. ECLAC predicts that this year's FDI inflows to the region will range between a fall of 3% and a rise of 7%.According to the Executive Secretary of…
Saturday, 16 November 2013 00:00

Brazil Profile

Brazil is South America's most influential country, an economic giant and one of the world's biggest democracies.President: Dilma RousseffDilma Rousseff is the first woman to be elected as Brazil's president.She was chief of staff to her predecessor, president Luiz Inacio Lula da Silva, and also his favoured successor.In the October 2010 elections to succeed President Lula, she narrowly failed to win an outright majority in the first round.The result meant Ms Rousseff faced the second-placed candidate, Sao Paolo mayor Jose Serra of the main opposition Social Democracy party, in a run-off vote on 31 October.Ms Rousseff, 62, was little known…
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