The aggregate of tourism activities grew 19.8% in June compared to May, according to data released by IBGE. In two months of progress, the sector accumulated a 28.1% gain, still insufficient to recover the 68.1% loss registered in March and April. According to the IBGE, the measures to prevent Covid-19 had an intense impact on tourism companies, especially on air transportation, restaurants and hotels.
The economic recovery movement can generate 2 million jobs and add R$ 2.8 trillion ($509 bn) to Brazil’s GDP, in addition to helping the country become more resilient to climate change if investments are directed towards a greener economy. This represent a growth of 38% in relation to the 2019 GDP. This is the reality that reveals the study developed by WRI Brazil, UFRJ and World Bank.
Information shows how the R$630 million ($114 mm) that, by decision of the Federal Supreme Court (STF), should be used to finance inspection and combat forest fires in the Amazon. The government’s decision to centralize all surveillance of the Amazon in the armed forces is already reflected in the volume of financial resources, R$ 530 million ($96 mm), equivalent to 84%, was allocated to the Ministry of Defense.
The Inter-American Development Bank (IDB) approved a $1 bn loan to Brazil that will help the federal government pay for emergency programs designed to contain the effects of the covid-19 pandemic. Of the total, $400 mm will contribute to the emergency relief and the Bolsa Família is expected to receive $200 mm from the credit operation.
The commercialisation of Brazil’s new soy crop (2020/21), advanced to 41.6% of expected production, “an absolute record for the period,” said the Datagro consultancy. Datagro reported an advance of more than five percentage points over the last month (36.2%), to a level much higher than the same moment in 2019 (20.1%) and also the five-year average of 18.6%.
Brazil has registered a record volume of adhesions to the free energy market, an environment in which companies can negotiate prices and conditions directly with generation companies or traders. The Chamber of Commerce of Electric Energy (CCEE), has seen a strong pace of migration of companies to the niche, with about 130 monthly adhesions.
Brazil’s coffee exports in July fell back in comparison with the same month last year, recording the second highest volume for the period in history. Between January and July total exports of coffee reached 22.9 million bags, also the second highest volume for the period in history, said the entity. Exports of green coffee in the period totalled 20.566 million bags.
Horizonte Minerals reported that it obtained $325 million loan to help finance the construction of a nickel mine in Brazil, and is in advanced negotiations to secure an additional $115 mm. The Araguaia project will produce ferronickel and construction is expected to begin in early 2021 with the cost of the first phase estimated at $440 mm.
Securing land ownership for Amazonian indigenous communities can be vital to contain deforestation in the world’s largest rainforest, U.S. researchers have found. Coauthor of the study, Kathryn Baragwanath, a PhD student at the University of California, said territories with full property rights had a 66% lower rate of annual deforestation compared to lands outside their borders.
According to official data, between January and July foreign sales of soybeans, the country’s main export product, grew 36.3% in volume and 33.3% in sales compared to the same period in 2019. Almost 70 million tons were exported, for $23.8 billion.