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Weekly Report - 23 December 2003

Quotes of the week...

In this report we focus on the telecommunications sector in Brazil as a scrap develops over who will buy Embratel. We consider the forthcoming cabinet reshuffle in Brazil now that President Lula has driven his two key constitutional reforms, tax and pensions, through the legislature, and provide our customary round-up of economic developments over the course of the last month. Also, a special feature on Lula's muddled environment policy.

In the Southern Cone, Argentina's President Néstor Kirchner faces down a massive rally by the piquetero movement, the IMF reprises the role of villain and tension mounts between Argentina and Uruguay. Elsewhere, the WTO issues a word of warning for Chile as it stacks up free-trade agreements and Paraguay's supreme court gets a long-awaited face-lift.

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