Government allocates more $1 bn for Covid-19 vaccines

President Jair Bolsonaro issued a provisional measure, to allocate more R$ 5.5 billion ($1 bn) for production, supply and distribution of doses of vaccines against Covid-19, said the federal government in a statement. The government had already issued last year another provisional measure that provided for the allocation of R$ 20 billion ($3.7 bn) for the purchase of vaccines against Covid.

Source: Money Times

Brazil totals 1 GW in commercial operation of new generation in 2021

Data from Aneel indicates that in April Brazil reached 1,007 MW of installed capacity with commercial operation starting in 2021, with 324.45 MW released by the agency last month alone. Wind generation was, for the fourth consecutive month, the source with the highest volume of energy with commercial operation authorized, registering 218.45 MW of power with commercial operation started, 67% of April’s total.

Source: Energia Hoje

Privatization of the Correios should happen in 2022, estimates BNDES

The privatisation of the Post Office should only happen in 2022, said the director of BNDES Leonardo Cabral, who estimates that at least 70% of the company’s capital is offered to the private sector. The idea is that the Union is only with a minority stake in the company to not hinder the competition and the operation of the company.

Source: Money Times

Brazil’s inclusion in OECD could raise GDP per capita by 0.4% per year

A study released by Ipea projects a 0.4% growth in per capita GDP per year with Brazil’s eventual entry into the Organisation for Economic Cooperation and Development (OECD). If Brazil’s application is accepted and confirmed, the capital flow stimuli should boost foreign trade activity. The expected economic growth is approximately $7 billion annually in generation of goods and services.

Source: Space Money

Sanitation Framework: Brazil deactivates 600 landfills in one year

More than 600 landfills across Brazil have been deactivated in a one-year period, according to a survey by Abetre. The closure of landfills has been being promoted by the Lixão Zero programme, launched in 2019 by the Ministry of Environment. The Sanitation Framework, sanctioned in July 2020, also established the closure of all dumps in Brazil by 2024.

Source: Agencia Brasil

Brazil will have $1 bn to digitalise services

The Inter-American Development Bank (IDB) has approved a $1 billion credit line to finance projects that improve digitalisation and connectivity in Brazil. The objective is to promote initiatives that increase the use of technology in the production and availability of public services. The resources of the “More Digital Brazil” line may be accessed by the Union, States and municipalities, as well as small companies, through development banks.

Source: UOL Economia

Brazil has seen its per capita income plummet over the last 40 years

Since 1980, the country has plummeted from 50th to 85th place in the global ranking of GDP per capita. And if reforms are not made, a lost decade could turn into half a century. At first glance, Brazil has an impressive economic power. Measured by GDP in dollars, according to purchasing power parity, Brazil ranks 8th among world economies. According to this method, Brazil currently ranks 85th among 195 countries in the world.

Source: Energia Hoje

EDP invests $715k in the fight against the second wave of Covid-19

EDP is allocating an additional R$ 4 million ($715k), amid the second wave of the Covid-19 pandemic, for initiatives in the fields of health and fight against hunger, in the states of São Paulo and Espírito Santo. According to the company, the first initiative is the support to Hospital das Clínicas da Faculdade de Medicina da USP (HCFMUSP) in the hiring of health professionals who will reinforce the assistance to Covid-19 patients.

Source: Canal Energia

Unemployment hits record and reaches 14.3 million people

The unemployed population in the country reached 14.272 million people in the mobile quarter ended in January, according to the National Continuous Household Sample Survey (Pnad), a record for the historical series, which began in 2012. Despite the record high in the unemployed population, the unemployment rate stood at 14.2% in the quarter ended in January, which is considered stable compared to the previous quarter (ended in October, 14.3%).

Source: Valor Investe