President Luiz Inácio Lula da Silva and his finance minister, Antônio Palocci, pulled Brazil back from the brink last year. Now, they face the even greater challenge of accelerating growth and keeping their promise to end Brazil's social injustices.
Luiz Inácio Lula da Silva and Antônio Palocci have known each other for over 20 years. They have formed a partnership that is changing Brazil in ways few dared to predict until the eve of the Workers Party (PT) election victory in 2002. They have changed the way the world sees Brazil and they are proving that the left in Latin America has matured and become fit to govern.
Lula, the former union leader who was the scourge of Brazil's auto industry 20 years ago, neatly summarized his policies in February during a ceremony in Brasília's Planalto presidential palace to celebrate a $240 million investment by General Motors. Turning to GM's CEO Richard Wagoner - who first came across Lula when he worked at the company's Brazilian subsidiary in the 1980s - the president said, "We will do all we can, so that with all the seriousness...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.