Uruguayan president Luis Lacalle Pou will be flying to Brasilia on Wednesday to share an informal lunch with his peer Jair Bolsonaro, his first overseas trip since taking office, but also a clear balancing act of the country's foreign policy regarding its two huge neighbors.
Only a week ago, President Jair Bolsonaro said Brazil was “broke” and the latest Treasury numbers have come close to backing the statement. Last year the country reported a record primary budget deficit of 743.1 billion reais (US$138 billion), a record 10% of GDP.
Brazilian president Jair Bolsonaro has been s skeptical of the coronavirus pandemic and the effectiveness of different vaccines to contain it, arguing that the economy, jobs and activity, were the priority above sanitary recommendations. As a result of this approach, his administration's federal spending jumped almost 40% between January and November, according to the Institute of International Finance. And Bolsonaro had even admitted the country is “broke.”
Brazilians took the streets over the weekend calling for the impeachment of President Jair Bolsonaro, who is under fire for his government's handling of COVID-19, which has raged through the country claiming more than 216,000 lives and 8,9 million contagions.
Striking a conciliatory tone, Brazilian president Jair Bolsonaro made public a three-page letter congratulating president Joe Biden and calling for the two nations to deepen ties, including a free trade agreement.
President Jair Bolsonaro’s government, which embraced both the Trump administration and its core ideals, wants president Joe Biden to know where Brazil stands and it’s not about to reverse course in response to the change of U.S. leadership.
China's telecommunications sector is celebrating that the Brazilian government became the first in the world to backtrack on its opposition to Huawei's 5G bid. Brazil will not seek to bar the Chinese telecommunication giant from its 2021 5G network auctions in June, according to reports published in the newspaper Estado de S. Paulo.
Brazil launched on Monday the national inoculation program with China's Sinovac Biotech vaccine, but so far it includes five of the country's 26 states. After weeks of setbacks, many Brazilians cheered the first wave of inoculations, from bustling clinics in Sao Paulo to a spectacular shot planned at the foot of the Christ Redeemer statue overlooking Rio de Janeiro.
Brazil’s right-wing president Jair Bolsonaro sponsored candidates are expected to win control of Congress next month, politicians and analysts said on Monday, despite controversy of the management of the pandemic.
Brazil’s President Jair Bolsonaro attributed Ford Motor Co.’s decision to close its three plants in Brazil to the end of multibillion-dollar subsidies from the government.