Category: Economy & Policy

Social Security expenses now exceed revenues by more than $24 billion. The Lula Administration must find a way to stop the excess spending in its federal budget.

Sovereign bond investors are relieved that the leftist admnistration of Luiz Inácio Lula da Silva promises to meet its financial obligations while pursuing its social objectives.

When President-elect Luiz Inácio Lula da Silva takes office in January, he caniether srenghthen the institutions needed
for job growth and poverty reduction, or undermine them and face the effects of collapsing economic activity, higher inflation and imploding financial systems. Mohamed El-Erian believes Lula has the guts and the will to restore financial stability to Brazil.

Irrational Policies, High Interest Rates Interest rates in many Latin American countries are very high, both in nominal and real terms. Rates in Argentina, of course, as it struggles to […]

Next month, heads of state will gather in Canada to discuss the next stage in regional economic integration ? the creation of a Free Trade Area of the Americas. The […]