News from Brazil

Politics & Government

In Brazil on August 14, 2010 at 9:35 am

ELECTIONS

José Serra of the Party of Brazilian Social Democracy (PSDB), Brazil’s biggest opposition party, should be able to win the presidential election due on October 3rd. But Lula’s lady is on course to inherit his presidency (The Economist).

Dilma Rousseff now has an 8-point lead over her main rival ahead of October’s election, a poll showed on Friday, the fourth straight survey showing her ahead (Reuters).

Contrary to all polls in Brazil you expert readers of Brazil Weekly are convinced that Jose Serra will win the first round of the October elections, with 60%, as opposed to 40% for Dilma Rousseff.

ECONOMIC POLICY

Serra said the central bank would maintain its autonomy, but form part of a broader government economic policy if he were elected (Reuters).

Dilma Rousseff pledged to expand Brazil’s railways and open them to private operators, helping to reduce growing transportation bottlenecks (Reuters).

Dilma Rousseff also said she favored an initial public share offer by the state-owned airport authority (Reuters).

TWITTER & LINKEDIN

You can now follow us on twitter at brazilweekly and join us at the Brazil Weekly group on Linkedin.

FOREIGN AFFAIRS

The Brazil Institute’s conference on Brazil as a regional power has resulted in a publication:  Brazil as a Regional Power: Views from the Hemisphere, by Cynthia Arnson, Paulo Sotero, Daniel Budny. This report summarizes the multiple and complex perceptions held by Brazilians as well as a host of other countries in the region regarding Brazil’s “emergence” as a regional and global power. It can be found here.

The United States and Brazil signed an agreement that will reduce debt payments to the United States in return for more protection for Brazil’s rich tropical forests (Reuters).

Surging Chinese investment in Brazil is reshaping ties between the countries as companies seek to secure resources and tap the rising consumer class in Latin America’s largest economy (Reuters).

Brazil’s state-controlled Caixa Economica Federal will finance up to 1 billion euros ($1.3 billion) in beef shipments to Iran after private banks refused to extend credit to exporters, fearing retaliation from the U.S. and European Union (Bloomberg).

DEFENCE

Bolivian President Evo Morales has requested the country’s military to form an armed force in regions bordering Peru and Brazil, to better protect Bolivia’s territory, sovereignty and natural resources (Xinhua).

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