Tag "Dilma Rousseff"
Amid scandal and recession, Brazil seeks austerity
The Petrobas corruption probe is severely undermining Brazil President Dilma Rousseff’s administration and fueling market distrust. Sinking deeper into recession, Rousseff has released a $17 billion austerity plan aimed at reliving financial
Petrobras scandal threatens to topple Rousseff
Dilma Rousseff’s mandate as President of Brazil is under serious risk of a premature ending. Her legitimacy and legality could be soon challenged, first by an Impeachment called by the
Brazil’s infrastructure 2.0: Can Rousseff rouse the private sector?
Dilma Rousseff recently visited the US to attract private sector financing for her new infrastructure investment proposal. She made similar plans in 2012. Will investors bite this time? And will this
South America’s bi-oceanic railway
A recently signed tri-lateral agreement between China, Peru and Brazil set hopes for a bi-oceanic railway corridor. If feasible, the project would significantly reduce trade costs and shipping times to China. On
Brazilian exporters seek boost after Petrobras scandal
The economical and political tsunami that struck the Brazilian economy after the Petrobras scandal might be starting to lose strength with the tight new measures that Dilma Rousseff’s administration is
Levy coordinates ambitious recovery plan for Brazil
After a year of fiscal slippage, rising inflation, and negative projections showing that Brazil’s GDP will shrink 0.42% this year, President Dilma Rousseff has empowered her new Minister of Finance, Mr.
Will Petrobras halt Brazil’s recovery?
Brazil’s state-run oil company, Petrobras, had its investment grade cut by Moody’s, aggravating uncertainty over whether it will be up to the Brazilian government to back up the oil giant.
Brazilian Petrobras’ new face is old politics
Following the resignation of Petrobras CEO Maria das Graças Foster, the Brazilian government appointed state banker Aldemir Bendine to lead the troubled oil company. Investors are worried that the new chief
Latin America sees second leftist wave
In 2014, there were presidential elections in El Salvador, Costa Rica, Panama, Colombia, Brazil, Bolivia, and Uruguay, with right-of-center and pro-business parties losing every contest. In December 2013, GRI noted
Brazil’s populist president names liberal finance minister
Brazilian president Dilma Rouseff has appointed Joachim Levy to new Finance Minister post. But Levy faces many challenges if he is to balance Brazil’s budget. Guest post by Dr. Daniel
