Is Petrobras Brazil's passport to the future?

As China's economic growth shrinks and its appetite for commodities diminish, various countries on South America must face the perspective of difficult years to come. These nations, whose GDP are mostly based on the exportation of these kind of goods, will probably have to tackle with increasingly comercial deficits while their GDP will continue to growing at a rather modest base. Brazil, however, may has found the key to come up with these difficult days. It's great public oil company, Petrobrás, is one of a few in the whole world that developped the technology to explore the oil that lies beneath the presalt slice on its coast. During President's Lula mandate, the Congress approved a law that allowed to Petrobras some privileges in the exploitation of the pre-salt area at Brazil's coast. These conditions may enable the country's economy to stand tall during the less prosperous times that are coming.
Saul Leblon offers us a reflexion on this subject motivated by the recent ceremony that officially closed the works of Comissão da Verdade.

PAC 2: changing the face of Brazil

The great plan to enhance Brazil's infrastructure and public services achieves almost all its objectives. In december 2014, the PAC 2 (the acronym in portuguese to Growing Acceleration Programm number 2) will have accomplished 95% of its plan for this year. A enormous effort, financed by public and private funds, to build up a large package of public facilities that ranges from houses and buildings through out the country to railways and hydroelectric usines.
According to the Minister responsible for the coordination and monitoring of the actions on PAC 2, the new challenge faced by the Government is to increase the private investiments on the programm.

Here's the summing up of all these works.
Here's some images from all over the country that shows what has been accomplished until now.

O Jogo do Impeachement Continua

E a trama do Impeachement vai se fechando...

Where is the money to invest in Brazil?

At this article Nassif looks for the funding sources that will boost the investiments in Brazil's infrastructure for the next years. At some point, excluding any dramatic turnover of the policital situation, the earnings from the pre-salt oil explotation will enhance the funding, but there's still internal savings that could spread through real economy as soon as the macroeconomic situation seem less cloudy. These investiments shall lead steadly to the economic growth without risking to improve Brazil's external debts. A rather different situation compared to the years in which Brazil faced the difficult choice between keep going as an underdevelopped nation or being a hopelessly indebted country.