Brazil’s Ricupero Retires from Unctad

The secretary general at the United Nations Conference on Trade and Development
(Unctad), the Brazilian Rubens Ricupero, retired yesterday from the position he
occupied at the entity for nine years.

His retirement coincided with the entity’s 40-year anniversary. The organization was created to promote trade and development in the developing countries.

At his departure, Ricupero seized the opportunity to launch his book Beyond conventional knowledge on politics and development: an intellectual history on Unctad 1964-2004.

A successor for the office has not yet been decided. For the while the Chilean Carlos Fortí­n, assistant secretary general, will be in charge of the organization. The choice of the new secretary is an incumbency for the United Nations secretary general, Kofi Anan.

Ricupero, who was Brazil’s Finance Minister during the Itamar Franco administration, stated recently that the combination of a series of factors “will take Brazil to very interesting economic growth in 2004.”

These factors, according to him, are the “primary surplus” in the Budget, the “small balance” in the current account registered last year, and inflation on the decline.

“I believe that we have never had these four conditions together,” stated Ricupero, after signing agreements for the 11th Unctad to take place in the southeastern city of São Paulo, together with Foreign Relations minister Celso Amorim, and São Paulo mayor Marta Suplicy.

Apart from that, the ambassador added that the world economy is currently growing, a factor that should also have a positive influence on the Brazilian Gross Domestic Product (GDP).

According to the ambassador, international trade rose 4.7% in 2003 and Unctad estimates show it should grow “vigorously,” between 7% and 8.5% this year. “The World Bank estimates are even more optimistic,” he declared.

However, he pointed out that for Brazil to have good growth rates in “coming years,” investment levels in the country will have to rise to between 23% and 25% of the GDP.

ANBA ”“ Brazil-Arab News Agency

You May Also Like

Tom Jobim and Vinicius, the Brazilian Odd Couple Who Started It All – Part Three

Enter the American director, writer, producer, actor and jack-of-all-media-trades, the inimitable Orson Welles, once ...

Life School

Increased liberalization of economic policy in Brazil is creating new threats and opportunities for ...

Impressed by Lula’s Work

Brazil’s strong performance is clearly bearing fruit: a broad-based economic recovery is underway that ...

Votorantim Acquires Ripasa, Consolidating Paper Industry in Brazil

Brazilian company Votorantim Celulose e Papel S.A., one of Latin America’s largest producers of ...

Brazilian Industry Calls Chinese Competition Unfair

The Brazilian heavy equipment industry complained to the Minister of Development, Industry, and Foreign ...

Brazil Will Do Its Part After US and EU Do Theirs, Says Lula in Davos

Luiz Inácio Lula da Silva, president of Brazil, made today, January 26, an impassioned ...


By Brazzil Magazine According to Ary Vasconcelos, in his book Carinhoso, Etc. (História e ...

Cattle Disease Causes US$ 230 Million Loss to Brazil This Year

Brazilian beef exports should end the year with sales totaling US$ 2.770 billion, the ...

In Brazil, Raul Castro Says He’s Ready to Discuss Cuba’s Embargo with Obama

Cuba's President Raul Castro says he is willing to discuss the 50-year-old US trade ...

In Brazil, TV Is Untouchable

We had a dramatic example of the incompetence of the Brazilian State in curbing ...