Brazilian President Jair Bolsonaro announced the construction in Brazil of an Israeli factory that draws water from the air, in order to “cope with the lack of water in the northeast, desalination, artesian wells and the São Francisco River.” Technicians and officials of the Brazilian National Water Agency travelled to Israel at the end of last year to discuss a memorandum of understanding between the two countries on water resources, desalination and wastewater management.
The BRIPAEM block is coordinating the trip of an Argentine trade mission to Iran with the purpose of strengthening agribusiness relations that could affect Brazil’s food exports to the Persian country estimated at $ 2.2 billion in 2019. Iran is the fourth largest importer of Brazilian food. Relations with Tehran became tense after Jair Bolsonaro’s support to Donald Trump’s decision to kill General Qassim Suleimani in Baghdad.
The Broad Consumer Price Index (IPCA) forecast fell from 3.47% last week to 3.40% today in the last Focus Bulletin released by Brazil Central Bank on Monday. For 2021, the rate was maintained at 3.75%. Focus also revised down the estimate for the Gross Domestic Product (GDP) from 2.31% to 2.30%. From 2021 to 2023, it was kept at 2.50%. The exchange rate projection was also maintained at R$4.10 at the end of 2020.
The number of Americans booking flights to Brazil has jumped 39% since Jair Bolsonaro’s government waived a visa requirement for USA citizens in June, according to Embratur President Gilson Machado. With an annual budget that was increased by Bolsonaro to $120 million from $8 million, Embratur is planning to draw more tourists by launching a publicity campaign to sell Brazil as a new and safer country.
Donald Trump government is ready to help Brazil design more effective oil auctions, the U.S. secretary of energy Dan Brouillette said during a visit to Rio do Janeiro. In November, Brazil tried unsuccessfully to sell the rights to four offshore oil producing zones in a process that could have fetched some 106.5 billion reais ($25.5 billion) for Jair Bolsonaro’s government. Only two areas attracted bidders, both of which were consortia led by Petrobras.