Nuts in Brazil

Article Abstract:

The Brazilian goverment's attempts at pensions reform have been undermined by a Supreme Court decision that its legislation is illegal. The Brazilian real has dropped in value and investors are concerned that Brazil's drive for fiscal surpluses could be undermined. This could affect a loan from the International Monetary Fund which had stabilized the currency and allowed Brazil to emerge from recession. The authority of President Henrique Cardoso has been undermined by recession and currency devaluation, and this is reflected in the Supreme Court decision.

Legislative Bodies, Budget, Editorial, Welfare reform

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Brazil's Lenten diet

Article Abstract:

Brazilian president, Fernando Henrique Cardoso, faces difficult decisions in economic policy due to rising inflation, recession, currency devaluation, and the need to increase the confidence of financial markets in Brazil. Interest rates have been raised to help tackle inflation, but this could lead to loss of confidence among investors, concerned about whether the government can repay short-term debt. Federal budget cuts are seen as crucial, and progress is being made in this area.

Economic Programs, Administration of Economic Programs

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