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Weekly Report - 11 June 2015 (WR-15-23)
BRAZIL: Rousseff launches her growth strategy
Since President Dilma Rousseff’s reelection in October last year, her new economic team has focused more on regaining credibility than promoting growth. With Brazil now in recession, and the pain of Finance Minister Joaquim Levy’s austerity plans just starting to bite, there has been little in the way of good news, economically at least, for the government. On 9 June, however, Rousseff summoned all of her cabinet to promote the Programa de Investimento em Logística (PIL), an ambitious plan to attract almost R$200bn (US$65bn) of investment in Brazil’s infrastructure. While previous attempts to attract private investment have largely fallen flat due to perceived over-interference by the State, the latest programme has been greeted with cautious optimism by the business community.
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- BRAZIL: Rousseff launches her growth strategy
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- ARGENTINA: Second strike of the year yields same result
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- GUATEMALA: Pérez Molina increasingly isolated
- NICARAGUA: Long awaited ‘Gran Canal’ study presented
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- Quotes of the week