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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

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  • Show Comments (8)

  • Guest

    pastoral commission????
    Hold on folks…what is this “PASTORAL COMMISSION” shit???
    A group of religous ignorant fanactis that now goes around the world bullshiting their way in the name of god??? What are their qualification on the subject of brazil’s social, geo-political, economical, and historical background??? This people are under achievers and drop outs in their own country…I would suggest that Brazil is the wrong country for them to bullshit…try guatemala or bolivia you may have a better chance… I agree with EINSTEIN you get your information from sources that are non- factual at best!!

  • Guest

    To EINSTAIN…again !
    Please go to today article in Brazzil Magazine, published by C. Buarque, ex Minister, ex Governor :

    the headline is :
    Brazil Celebrates Slow Progress While the World Zooms Fast Ahead

    Cheers Einstain, at least we know that you are NOT Einstein !

  • Guest

    To EINSTAIN !!!!!!
    ANOTHER SITE YOU MAY ASK SOMEONE TO READ REGULARLY FOR YOU IS :
    radiobras.com

    The site is the official site of YOUR government !
    Here is an extract of an article published TODAY :

    The Pastoral Commission for Children estimates that around 50% of poor Brazilian children suffer from anemia. Zilda Arns, a physician who is the coordinator of the commission, regards the problem as much more serious than child malnutrition, which is around 4%. Brazil has nearly 20 million children under the age of six, and 48.6% are considered poor.

    And this site is in Portuguese AND English !!!

    Time for you to find out the sad reality that you have in Brazil !!!!

  • Guest

    Oops !
    Not very clever…this junkie !

    Did you go to the same school as…..LULA ?????

    Ohhhhh…then I understand that you could not read what is written on this site !!!!

    Time to educate yourself….without a World Bank loan !!!!

  • Guest

    To Einstain….
    where did you go to school and what newspapers or Internet site do you read ??????? Cartoons….may be !

    All the informations I mentioned…are ON THIS SITE !!!!!

    THAT REALLY SHOWS THAT YOU DONT EVEN KNOW HOW TO READ AND NOT EVEN KNOW HOW TO WRITE….BECAUSE IT IS NOT EINSTAIN…BUT…. EINSTEIN !!!!!

    mnOT VERY CLEAVER….THIS JUNKIE !

  • Guest

    to the Einstain above
    where do you get yyour facts jack? Let me guess …from your ass right?

  • Guest

    DAMN USA
    It must be the USA’s fault somehow.

  • Guest

    It is not less…..
    …than the AVERAGE developing countries !!!!

    BRAZIL HAS SIMPLY THE LEAST ECONOMIC GROWTH OF ALL THE DEVELOPING NATIONS. AND THIS IS ON A ONE YERAR OR 3 YEARS BASIS.

    AT THE QUEUE OF THE QUEUE…OF THEIR CLASSROOM.

    In reality the 3 years average economic growth of Brazil is just slightly higher than….HaÀ¯ti ! YESSSSSS…..SO IT IS.

    WORSE : HaÀ¯ti is not even a developing country…but a LDC !!!!

    But listen to Lula how he is so proud of his achievements when in fact it is a total failure because of total
    mismanagement !!!!!

    He wants you to swallow that without him as President, things would have been a disaster, when in fact it has been and is still a disaster with him as President !!!
    During the last 3 years it was an economic BOOM for ALL developing countries…except for Brazil.

    It is not without good reasons that you have been nicknamed a BOOM and BUST economy.

    This time, with Lula at the helm, you did not BOOM but no doubt you will lead all developing nations in the BUST…that already started with a slowdown.

    Quite unfortunate that Brazil society and electors dont wake up….because it really looks like you will vote for Lula….once more !

    By doing so, you will penalize your own future…as you already did so many times in the past…and then accusing other nations for the responsibility of your own decisions and failures !

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