Brazilian Bosses and Workers Demand to Participate on Economic Policy

Successive increases on interest rate by the Brazilian Central Bank’s Monetary Policy Committee (Copom) is causing entities representing civil society to demand more participation on the definition of the country’s economic policy.

A group integrated by several civil entities, such as the Central Workers’ Union (CUT), the Federation of Industries of the State of São Paulo (Fiesp), and the National Confederation of Industries (CNI), launched in March a campaign requesting the reform of the National Monetary Council (CMN).


The Brazilian Organization of Non-Governmental Organizations (Abong) and its 300 affiliates are also pressing the government for civil society participation on the definition of the economic policy.


Abong’s Director of Institutional Relations, José Antônio Moroni, explains that the entity wants the expansion of CMN.


“Today, CMN is composed of the Ministers of Finance, Planning, and the President of the Central Bank. We want society’s participation through 3 more representatives: of the entrepreneurs, of workers, and of civil society.”


The proposal was taken to the Social and Economic Development Council, which created a commission to analyze it.


“On May 19th, the proposal will be voted by the Council, but it will probably be approved, because no one has said anything against it. After approval, it will go to President Lula, and I believe, it has good chances of being ratified. There is a lot of pressure for the participation of the civil society in the economic policy,” said Moroni.


In his opinion, society should also participate on the Copom, but he says that Abong considers participation on the CMN strategic.


“It is the CMN that defines inflation goals, which determine all the remaining issues of the country’s economic policy, such as the interest rate policy.”


Agência Brasil

Tags:

You May Also Like

More Deaths by Gun in Brazil in 10 Years than in All Wars in the World Put Together

Here is something to think about: the number of deaths by firearms registered in ...

Brazil Inflation Now Is Above the Target Ceiling

Brazil official inflation rate, as measured by the National Broad Consumer Price Index (the ...

First Minas, Now Brazil Floods Spread to Rio and São Paulo

Rosinha Garotinho, the mayor of the town of Campos de Goytacazes, in the state ...

A Plan to Sell Brazilian Typical Food to the US and Then the World

The Ethnic Brazil Project wants the world to consume typically Brazilian products, like juice, ...

Brazil Has Record Reserves: Over US$ 350 Billion

Brazil’s Central Bank informed Brazilian foreign exchange reserves reached an all-time high on Wednesday ...

First Latin-American Nuclear Submarine to Be Built by Brazil and Argentina

The Brazilian government says that Brazil will start working jointly with Argentina in the ...

Brazil’s Unemployment Down for December and the Year 2008

In Brazil, the unemployment rate in the country's six largest metropolitan regions was 7.9% ...

Dollar Investment in Brazil Falls by 88%

The balance of financial and commercial transactions between Brazil and foreign countries posted a ...

Brazil Teaches Post-War Lebanon Secrets of Fruit Growing and Cattle Raising

Last week, three technicians of the Brazilian Agricultural Research Corporation (Embrapa) who were in ...

Brazil's poultry cooperative Aurora

The Good Life of a Brazilian Chicken While Search Goes on for Super Bird

It eats little and gains weight quickly, it has large breasts and legs, is ...