• Categories
  • Archives

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:

  • 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Your email address will not be published.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.

Ads

You May Also Like

Nigeria Wants Brazil-Africa Summit

Nigeria’s President, Olosegum Obasanjo, asked for President Luiz Inácio Lula da Silva’s support for ...

Brazil to Privatize 3,000 Km of Federal Highways by April

According to Brazil’s presidential Chief of Staff, Dilma Rousseff (chefe da Casa Civil). the ...

RAPIDINHAS

By Brazzil Magazine Mato Grosso and Mato Grosso do Sul are separate states, although ...

Brazil’s Embraer Brings Its Full Line of Executive Jets to US

Brazilian aircraft manufacturer Embraer will be showcasing its executive jets portfolio in the United ...

The Devil and Ms. Joyce

Irreverent, sensual without being crass, author Joyce Cavalcante has focused her writer’s eye on ...

Spirit of Season Dampens Brazil’s Market

Brazilian shares headed south, as profit taking commenced ahead of the year-end holidays. Trading ...

Brazilian congress inquiry on the air blackout

Brazil’s Boeing Tragedy: Transcript Shows US Pilot Lost and Then Taking a Nap

Brazil's House Representative, Vic Pires Franco, believes he has evidence that places most of ...

Brazil May Reconsider Threat to Take Argentina do WTO

The Brazilian goverment and that of Argentina reached "relatively productive" results following the São ...

Brazilian Industrial Production Shrinks Slightly

Brazil's industrial production saw a 1.3% reduction in August compared with the previous month, ...

Stage Struck II

By Brazzil Magazine Continued from our last issue MILESTONES OF BRAZILIAN THEATER IN THE ...