Minister Says Brazil Is Creating 90,000 New Jobs a Month

The Minister of Finance, Antônio Palocci, said that instability is “definitely a thing of the past” in Brazil, because present conditions are conducive to growth.

The Minister participated, in the Exame magazine’s “Biggest and Best” awards ceremony, to honor the companies that were standout performers in 2004.

In his speech, the Minister underscored that the country’s recent growth has been marked by a drop in unemployment and that the jobs that have been created are formal positions.

“Between 2003 and May of this year, 3 million formal jobs have been created. During the past decade, Brazil created around 8 thousand formal jobs per month. At this moment, we are generating around 90 thousand formal jobs per month, 11 times more,” he pointed out.

According to Palocci, the government’s macroeconomic policy represents a necessary condition for the country to reach the objective of sustained growth, but it is not the only one.

“The agenda of reforms is equally essential. These reforms involve the construction of efficient, modern legal guidelines, with rules that are clear and juridically secure and make it easier to attract private investment, which is fundamental to the viability of development with social inclusion.”

The president of the National Economic and Social Development Bank (BNDES), Guido Mantega, who also attended the ceremony, remarked that “Brazil is achieving the stability of the mature countries, and, for this reason, the disturbances that are normal in democracies and occur in all countries do not affect us as they did in the past.”

ABr –


  • 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Your email address will not be published.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.


You May Also Like

January 1994

CONTENTS: Cover: The Northeast is dying of thirst (p. 7) (President) Lula talks (p. ...

Brazil’s Jobless Rate Still High: 10.8%

Unemployment rate reached 10.8% in March, in the six largest metropolitan areas of Brazil. ...

Brazil Confident It Will Reach Agreement with Bolivia on Gas Prices

The Brazilian Minister of Foreign Relations, Celso Amorim, commented today, May 4, that the ...

“Elite Squad” Shows Brazil Still Can’t Talk About Its Military Reign of Terror

On October 5, 2007, Brazil’s biggest blockbuster movie was officially released in theaters. In ...

A Brazilian Globo TV network soap opera

Through Globo TV Lenses Brazil Is a White Dreamland

For approximately a year now I have been a subscriber to Rede Globo Internacional ...

Brazil’s Deforestation Worries Scientists

Brazilian scientists are discussing ways to stop the destruction of Brazil’s Amazon rainforest. One ...

Brazil Wants New Rules for Intellectual Property

Today Brazil, Argentina and Bolivia will present a proposal for an amendment to the ...

Overfishing Is Forcing Brazil to Import Seafood

For long and for many Brazilian families sardine has a staple food and 100.000 ...

Brazilian Air Force Jet Suffers Failure with Lula Aboard

It was just a scare. Twenty minutes after taking off from Brazilian capital BrasÀ­lia ...

Promises of Low Interest Rates in the US Give Boost to Brazilian Stocks

Brazilian stocks rallied, with that country’s shares getting a boost from investor relief that ...