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:

Ads

You May Also Like

IMF Vision Harmful, Say Peasants from 45 Countries, in Brazil

Between January 21 and 23, representatives of peasant organizations and farmers from four continents ...

The Doors of Enchantment

A wild looking man rushed over screaming that I had to come and see ...

Soy Cultivation Is Bearing Slavery in Brazil, Says Report

The report "Eating the Amazon," released by the Greenpeace International non-government organization shows that, ...

Brazil’s Gol Reduced Fares Flying High

Gol, Linhas Aéreas Inteligentes, Brazil’s low-fare, low-cost airline, is celebrating the success of its ...

World Hunger: Blame It on Farm Subsidies and Oil Prices, Says Brazil

During his current visit to Ghana, in Africa, Brazilian President, Luiz Inácio Lula da ...

Brazil’s Bad Roads and Neglect Kill 65 on Christmas

During the Christmas holiday in Brazil (between the days of 24 and 26 of ...

Brazil’s Foreign Debt Falls 14% But It’s Still US$ 65 Billion

Brazil’s foreign debt is down 14% since December, reports the National Treasury. That means ...

Best-seller Books, Plays and Movies

By RIO O Exercício (The Exercise)—How a couple of actors deal with their tension ...

Brazilian Inflation Rises 3.59% This Year. Food Prices Down.

Brazil’s rate of inflation in August, as measured by the Broad Consumer Price Index ...

Brazilian TAM Airline Reaches 58% of International and 51% of Domestic Markets

Brazil’s National Civil Aviation Agency (ANAC) announced that TAM Brazilian Airline registered 28.1% growth ...