World Bank Chastises Brazil for Growing Slow and Neglecting Infrastructure

The chief economist at the World Bank, François Bourguinon, says that "Brazil needs macroeconomic policies in order to free funds for government spending."

He went on to say that Brazil is growing at a very slow pace, less than the average for emerging economies, that this has been going on for a long time, and that the country has not been investing in infrastructure.

Yesterday Bourguinon participated in a ceremony for the release of the bank’s 2006 Report on World Development. Brazil is cited in the document a number of times as it is one of ten countries with the highest levels of social inequalities.

Bourguinon praised the government’s Bolsa Famí­lia program which presently reaches some 11 million poor families, providing them with up to US$ 44 a month. He said the program was reducing inequalities in the country and recommended expanding it further.

The World Bank economist also commented on the Doha Round trade talks, saying the institution was following the negotiations closely and was, in Bourguinon’s opinion, on the side of the emerging nations if a trade-off could be achieved between opening markets in poor nations for manufactured goods and eliminating farm subsidies in rich nations.

"We hope the talks have positive results for countries such as Brazil," he declared.

Agência Brasil

Tags:

You May Also Like

Families of Brazilians Killed in Air Crash Want American Pilots Back in Brazil

The Association of Relatives and Friends of Gol's flight 1907, which fell down in ...

Un Upside Down Agrarian Reform in Brazil’s Wild Tocantins

Brazilian farmer Juarez Vieira Reis was expelled in 2003 from the land where he ...

Brazil Finds New Huge Oilfield, Possibly World’s Third Largest

Brazil keeps finding huge new oil fields. The director general of Brazil's National Petroleum, ...

Brazil’s Emperor Tourist

Brazil’s Emperor, Pedro II, during his time abroad found out how much Brazil needed ...

Brazil Decides to Promote Overseas Its Luxury Tourism Destinations

Embratur (Brazilian Tourism Institute) and the Brazilian Luxury Travel Association (BLTA) have signed a ...

Market Analysts Keep Saying Brazil’s GDP Won’t Grow Over 3.5%

The Focus Bulletin, issued this Monday, February 20, by Brazil’s Central Bank (BC), indicates ...

Brasília Is Orphan

"I am neither a capitalist nor a socialist, I am not a religious or ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Alice Através do Espelho (Alice Through the Looking Glass)—Based on Lewis ...

Furniture Show Brings Europe and US to Brazil

The International Machinery, Raw Materials and Accessories Trade Show for the Furniture Industry – ...

Brazilian Congress Tables Two Bills Decriminalizing Abortion

Two bills to decriminalize abortion in Brazil were defeated for the third time in ...