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Ag/Econ News
Brazil
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June 21
(Bloomberg) -- Brazil plans
to provide 107.5 billion
reais ($54.5 billion) of
agricultural aid in the
2009-2010 season, 37 percent
more than the previous
harvest, to help farmers
take advantage of rising
demand for food.
Most of the aid will be in
the form of loans to finance
planting and investments in
transportation, storage and
other infrastructure to
increase output and for
price support programs,
Reinhold Stephanes, Brazil’s
agriculture minister, told
reporters in Londrina,
Brazil.
(GO TO ARTICLE) |
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SAO PAULO, June 17 (Reuters)
- Brazil has ample cash to
revamp its dilapidated
transport network even amid
an economic recession but
corruption and bureaucracy
have hampered badly-needed
improvements, a senior
industry official said on
Wednesday.
(GO TO ARTICLE) |
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“NEVER before in the
country’s history” is the
catchphrase of President
Luiz Inácio Lula da Silva
that most annoys his
opponents. The president, in
his selective amnesia, would
have voters believe that
everything good about Brazil
dates from his election in
2002. Even more infuriating
for the previous government,
which provided the
precursors for progress but
got no credit for it, he is
often right. Take interest
rates: on June 10th the
central bank cut its
benchmark SELIC rate to
9.25%, the first time the
figure has been in single
digits since the 1960s.
(GO TO ARTICLE) |
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