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:

    • 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 !

    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

    Katia Franke's With an Eye to the Brazilian Flag

    Brazil After Lula: Some Predictions

    It is not too early to begin thinking about what will happen when Lula ...

    World Bank Offers a Helping Hand in the Brazilian Northeast

    An agreement signed Thursday, July 14, with the World Bank (IBRD) assures the transfer ...

    Vanity's Fair cover

    Earth’s Most Threatened Tribe as Seen by Sebastião Salgado in Vanity Fair

    World-famous Brazilian photographer Sebastião Salgado and Vanity Fair magazine have joined forces to publicize ...

    Brazil Joins China and Argentina to Challenge the Chicago Board of Trade

    China, Brazil and Argentina are mulling the creation of a multinational market for soybeans ...

    Brazil's AMB president, Mozart Valadares

    Brazil’s Supreme Court Message: We’d Better Learn to Live with Corruption

    Just when the AMB (Brazilian Magistrate Association) thought that Brazil has finally decided to ...

    Brazil Approves Tobacco Control After Tobacco Growers Are Assured Protection

    The ratification of the Framework Convention on the Control of Tobacco Use was approved ...

    Revista Brasileira de Nutrição Esportiva

    With 30,000 Articles Brazil Is 13 in the World in Scientific Output

    In the list of countries that produced the most science in the world last ...

    Brazil’s PT Gets a Last Chance to Make It Right

    “That the praise of the wicked is short, and the joy of the hypocrite ...

    Penelope

    He eats with his head down, without a word. At night, he reads the ...