• Categories
  • Archives

Brazil Now Tries to Make the PPP Program Work

Brazilian Auto Industry

The president of the BNDES (Banco Nacional de Desenvolvimento Econômico
Social – Brazilian Development Bank), Guido Mantega, commemorated congressional
approval of the Public-Private Partnership (PPP) program of investments by
saying that whereas 2004 had been the year when economic growth was renewed in
Brazil, with the PPPs, 2005 will be the year economic growth is consolidated.

Mantega pointed out that investments are fundamental to such growth and that the consolidation will come with increased investments that will be spurred by the PPPs, especially in infrastructure.


“As we strengthen Brazil’s infrastructure, eliminating bottlenecks that make it difficult for higher GDP growth to occur, we will have sound, solid growth. That is why the PPPs are so important,” said the minister.


He added that although there is no final figure for PPP investments yet, the BNDES has reserved “various billions for PPP projects.”


At the end of last year, Brazilian President Luiz Inácio Lula da Silva said that the Public-Private Partnerships Project can help keep Brazil from becoming a “victim” of its own growth.


“See how absurd this is. Brazil can be a victim of its own growth,” Lula declared November 9, during a ceremony at the headquarters of the National Confederation of Industry (CNI) to commemorate the 60th anniversary of the Odebrecht construction group.


Lula recalled that, previously, Brazil was the victim of a lack of growth, but, if industry continues to export as it has been doing, and agribusiness continues to expand and export, “we face the delicious risk of realizing that we lack the means to get this huge production potential that Brazil is presently enjoying to market.”


According to Lula, in light of the large number of backups that exist around the country to get production to market, the government is taking steps to resolve the problem.


For the President, the delay in deciding things in Brazil constitutes an obstacle at times. “We often make the mistake of engaging in a lot of discussion, while the people are in a hurry, and, even more, Brazil is in a great hurry for things to happen,” Lula said.


According to him, “Brazilian entrepreneurs must stop thinking small. They need to stop being afraid of becoming multinational entrepreneurs and have to make their presence felt, because in the business world nobody gives anyone else a break. We want our companies to be in Brazil, but at the same time they should be in all parts of the world. That’s how we shall build a great nation.”


Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Lula Is Simply Unbeatable, Show Brazilian Polls

Brazil’s incumbent socialist President Luiz Inácio Lula da Silva seems comfortably on track to ...

After Mexico’s Success Brazil Considers Selling 100-year Bonds

The Brazilian government is thinking about selling 100-year bonds after Mexico succeeded in offering ...

Papai Noel, Santa Claus

Naughty or Nice no Brazilian Politician Got a Lump of Coal from Santa

And how was Christmas for the Brazilian political honchos? Santa Claus brought Lula’s Chief ...

Brazil Sugar Industry Urges Europe to Stick to Export Commitment

UNICA, the Brazilian Sugarcane Industry Association, in a letter sent to Commissioner for Agriculture ...

A gas pipeline in Brazil

Brazil Only Loses to Chile as the Best Place to Invest in LatAm

According to a report from the World Economic Forum meeting this week in the ...

Brazil’s Lula Condemns Rich Countries for Building Border Fences and Walls

In a speech Tuesday before the UN General Assembly Brazilian President Luiz Inácio Lula ...

The Brazilian Shining Success of Six Foot Halo

In addition to their US following, Six Foot Halo has managed to build a ...

Brazilian President Pans Belligerent Chavez on Bolivian Crisis

All is ready in Santiago de Chile to receive South American leaders to discuss ...

US and Russia Have No Moral Authority to Stop Iran from Building A-Bomb, Says Lula

Brazilian president Luiz Inácio Lula da Silva, during a press conference in Berlin, this ...