Rousseff promises fiscal and credit stimuli to promote exports and innovation

Tuesday, February 21st 2012 - 04:36 UTC

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Brazilian president Dilma Rousseff said the government will implement fiscal and credit access measures to stimulate production and exports with the purpose of gaining competitiveness in a global context of crisis. Read full article

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GeoffWard2
Stimulating credit take-up to accelerate industrial and commercial activity is the obvious way to go,
but to educate the 'new middle class' man-in the-street to understand and fully comprehend the implications of credit re-payments, compounding interest rates, and default is equally necessary across this very, very young nation.

If a large fraction of creditors default and clog the judicial system even more, the implications for home-loss, company collapse and the prison building programme will fill the media.
Dilma will not like this.
Feb 21st, 2012 - 11:28 am - Link - Report abuse 0
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ChrisR
Erradicting corruption at all levels would also help.

I know things seem to be getting better in this respect but high level ministerial crooks are still coming out of the woodwork.
Feb 21st, 2012 - 01:23 pm - Link - Report abuse 0
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