Unemployment increases 39.7% in Brazil and affects 13.7 million people

The number of unemployed in the country grew 39.7% between the beginning of May and the end of August, raising the number of unemployed in Brazil to a record level during the pandemic of 13.7 million Brazilians, showed IBGE’s Pnad Covid. In early May, the survey registered 9.8 million unemployed people in the country.

Source: Reuters

Brazil and Paraguay to set up logistics centres for border trade

Paraguay and Brazil signed a document to make trade logistics centres viable, in order to reactivate trade activity on their borders, which had been paralysed for six months after Asunción decreed the closure of customs to combat the spread of the coronavirus. The logistical centres will be located in areas near the borders. Residents on both sides will be able to shop in the neighbouring cities.

Source: UOL Economia

Agribusiness and NGOs present six actions package to contain deforestation in the Amazon

A coalition of 230 representatives of agribusiness, NGOs and other sectors presented to President Bolsonaro and other federal authorities a package of six actions to seek a rapid and permanent reduction of deforestation in Brazil, especially in the Legal Amazon. The document with the actions suggests that the reduction of deforestation in the short term – “in a few months” is of fundamental importance for the country.

Source: Ambiente Brasil

MME and BNDES seek funding for Amazon light project

The Ministry of Mines and Energy (MME) and the BNDES signed an agreement to allow the collection of funds to finance the Mais Luz for the Amazon (MLA) Programme. The project’s goal is to bring renewable energy to 82,000 families in remote areas of the region. In total, the MME estimates that the programme will benefit over 350,000 people. The total cost is budgeted at over R$3 billion ($566 mm).

Source: Agencia Brasil

Brazil administrative reform to generate at least $57 bn savings over 10 years

The Brazilian government’s administrative reform proposals to simplify and reduce the cost of the public sector will generate at least R$300 billion (($57 billion) of savings over the next decade, according to Economy Minister, Paulo Guedes. This was the first estimate of how much the wide-ranging reforms will save the public purse. The government presented its constitutional reform bill to congress last week, the first of a three-part legislative process. Officials said savings forecasts would come when second and third phases of guidelines on salaries are presented.

Source: Reuters

BNDES studies model of forest concession in the Amazon

The National Bank for Economic and Social Development (BNDES) is studying a model for the concession of forests in the Amazon to the private sector. The objective of the institution is to arrive at a model that provides for the development of the region with environmental preservation. A bridge of opportunity with the concession of forests would be the creation of carbon credits.

Source: UOL Economia