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President Lula Says Commitment Is Economic Development With Stability

BRAZIL

President Lula has sent a letter to Brazil’s Congress and the following headlines have crossed the wires:

  • Governmentt to set new Brazil fiscal rule
  • Brazil spending cap rule harmed social policies
  • Says govt priority to set eco. policy to fight inflation
  • Says his govt to propose new labor rules
  • Says it is urgent to remove illegal miners from reserves
  • Brazil commitment is economic development with stability
  • Says entrepreneurs will have adequate credit access
  • Says it is needed to recover Brazil state capabilities
  • Says government must recover SOE's role as growth drivers
  • Says Bolsa Familia to be renewed and expanded
  • Petrobras to be self-sufficient in oil, derivative goods
  • Says his govt opposes Eletrobras's privatization
  • Govt to re-establish regulatory food stocks
  • Brazil mining regulation will be improved
  • FX policy reduces currency volatility, helps taming CPI
  • Brazil needs a new fuel prices policy and that fuel price formation must be internalized
  • Separately Minister Padilha said Brazil’s new fiscal framework to be presented by April (ALL BBG)

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