Brazil's President Lula has launched a comprehensive 're-industrialization' plan aimed at revitalizing the country's economy over the next decade. The strategy involves a significant investment of 300 billion reais (approximately $60 billion) to rejuvenate aging industries, with state credit and subsidies for companies. This initiative, which marks a significant shift from traditional economic policies, seeks to align Brazil's economic growth with social and climate objectives, as detailed in a report for the government. However, Lula is reportedly upset by the lack of clear goals within the new industrial plan, according to sources.
Lula upset by lack of clear goals in Brazil's new industry plan, sources say https://t.co/XZ7xltV2qM https://t.co/D6LcRH6M2K
⚠️ LULA UPSET BY LACK OF CLEAR GOALS IN BRAZIL'S NEW INDUSTRY PLAN, SOURCES SAY Full Story → https://t.co/Q7KRsYGKJ2 https://t.co/iLduS3qlrG
Lula unveiled plans to invest 300 billion reais ($60 billion) into Brazil’s aging industries https://t.co/wIBiiYCsDC
Brazil's Lula launches 're-industrialization' plan for next decade https://t.co/56Uqyu0fxd https://t.co/bhkyPMa8sq
⚠️ BRAZIL'S LULA LAUNCHES 'RE-INDUSTRIALIZATION' PLAN FOR NEXT DECADE (Reuters) Brazil's government unveiled an industrial development plan for the next 10 years aimed at boosting growth in the sluggish economy with state credit and subsidies for companies, as well as local…
Brazil’s #industrial strategy, launched today, marks a big departure from traditional approaches, setting a bold direction that aligns economic, social & climate goals. Read our report for the government: https://t.co/iraKKkzWlG My @Valor oped out today: https://t.co/VhubKhXcqg