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Minister of Indigenous Peoples Sonia Guajajara said more Indigenous people felt comfortable identifying themselves as such. Tebet told reporters the new population numbers will allow for improved budget funding for policies to help Indigenous communities, in education but mainly in health services and basic sanitation to make up for government neglect. Half of Brazil's Indigenous communities live in the Amazon region, some 867,900, with the highest urban concentration in the city of Manaus, the capital of Amazonas state. But the main reason for the exponential growth in numbers, besides higher fertility rates among Indigenous communities, is the rise in visibility of Brazil's Indigenous movement, he said. "When you have strong Indigenous leaders bringing positive connotations to being Indigenous, this encourages people to begin identifying themselves," Barros said by telephone.

Persons: Vanderlecia Ortega dos Santos, Vanda, Ueslei Marcelino BRASILIA, Sonia Guajajara, Guajajara, Simone Tebet, Tebet, Luiz Inacio Lula da Silva's, Jair Bolsonaro, Lula, Leonardo Barros, Barros, Anthony Boadle, Aurora Ellis, Jamie Freed Organizations: Brazilian Institute of Geography, Teatro, REUTERS, Ueslei, IBGE, Government, Indigenous, Federal University of Viçosa, Thomson Locations: Belem , Para, Brazil, Belem, Portugal, Venezuela, Manaus, Amazonas, Minas Gerais

"Everyone is expecting a rate cut," Finance Minister Fernando Haddad noted in an interview with RedeTV journalist Kennedy Alencar. Planning Minister Simone Tebet was even more emphatic, saying at an event in Rio de Janeiro that the central bank must start its easing cycle with a 50-basis-point cut. She said high interest rate levels were hurting the retail sector. However, they still diverge on the size of the cut, with 55% of those polled betting on a 25 basis point move while 32% expect a 50 basis point cut. On Thursday, Lula himself renewed calls on the central bank to cut interest rates.

Persons: Luiz Inacio Lula da Silva's, Fernando Haddad, Kennedy Alencar, Haddad, Simone Tebet, Lula, Gabriel Galipolo, Ailton Aquino, Lula's, Bernardo Caram, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Josie Kao, Frances Kerry Organizations: RIO DE, Finance, Reuters Graphics Reuters, Thomson Locations: BRASILIA, RIO, RIO DE JANEIRO, Rio de Janeiro, Brazil, Brasilia

☆ Brazil cenbank chief signals he supports changing inflation target time frame
▼ + stars: | 2023-06-29 | by ( Marcela Ayres | ) www.reuters.com time to read: +2 min

BRASILIA, June 29 (Reuters) - Brazil's central bank chief Roberto Campos Neto indicated on Thursday he supports adopting a continuous time frame for the monetary authority to pursue inflation targets, ditching the current system of tracking a calendar year. His remarks came as Brazil's National Monetary Council (CMN), the country's top economic policy body, is scheduled to meet later on Thursday to set its 2026 inflation target. Haddad has publicly supported changing the time frame, arguing a longer-term approach provides more room to accommodate price shocks without requiring monetary tightening. Campos Neto also said at the press conference that policymakers do not think there was inconsistency between the statement and the minutes of their latest policy meeting. The central bank held interest rates at a cycle-high of 13.75% for the seventh consecutive policy meeting last week.

Persons: Roberto Campos Neto, Campos Neto, Fernando Haddad, Simone Tebet, Haddad, Marcela Ayres, Andrea Ricci, Alexandra Hudson Organizations: National Monetary Council, Finance, Alexandra Hudson Our, Thomson Locations: BRASILIA, Brasilia

☆ Brazil lifts 2023 growth outlook thanks to booming farm sector
▼ + stars: | 2023-06-01 | by ( Marcela Ayres | ) www.reuters.com time to read: +3 min

BRASILIA, June 1 (Reuters) - Brazil's economy rebounded more than expected in the first quarter, powered by a booming farm sector and paving the way for a rosier annual outlook despite a drag from high interest rates. Gross domestic product (GDP) expanded by 1.9% in the three months through March after a revised 0.1% drop in the prior quarter, data from government statistics agency IBGE showed on Thursday. The Brazilian real strengthened 0.5% against the U.S. dollar and the benchmark Bovespa stock index (.BVSP) rose 0.6%. Goldman Sachs adjusted its 2023 GDP growth forecast to 2.6% from 1.75% after the first-quarter data, citing the additional help of net exports and inventory accumulation. XP economists indicated an upward revision of their current 1.4% growth outlook, forecasting market expectations to keep rising to the range of 2.0% to 2.5%.

Persons: Simone Tebet, Goldman Sachs, Luiz Inacio Lula da Silva, Lucas Toro, Toro Investimentos, Roberto Campos Neto, Marcela Ayres, Bernardo Caram, Brad Haynes, Steven Grattan, Sriraj Organizations: Gross, IBGE, U.S ., Finance Ministry, Thomson Locations: BRASILIA, Brazilian

☆ Brazil's Lula says judiciary should force businesses to pay equal salaries
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

[1/4] Brazil's President Luiz Inacio Lula da Silva speaks during a ceremony to mark the International Women's Day at Planalto Palace in Brasilia, Brazil, March 8, 2023. REUTERS/Adriano MachadoSAO PAULO, March 8 (Reuters) - The Brazilian judiciary should work on compelling businesses to pay equal wages for men and women in the same roles, Brazil's President Luiz Inacio Lula da Silva said on Wednesday. In an event marking International Women's Day, Lula also presented a bill to promote wage equality between women and men, among other measures directed toward women. "Whoever works in the same post, with the same abilities, has the right to earn the same salary," Lula added. In a later Twitter post, Lula said the bill also includes measures encouraging greater wage transparency.

☆ Brazil's VP says development bank should be strengthened to leverage the economy
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +3 min

Asked whether this would involve changing the so-called TLP rate, charged by BNDES to lenders, he said only "it is important to create conditions to reduce the interest rate." It replaced the former TJLP rate, which was set by the government below the country's Selic base rate, to subsidize corporate loans. In his inaugural speech, Alckmin said his ministry will have BNDES under its wing, stressing it was essential to strengthen the bank's role to leverage the economy. According to Alckmin, BNDES should act "as a dynamizer of the industry competitiveness and exports, especially those of higher added value." That contrasts with former President Jair Bolsonaro, who centralized policy formulation and decision-making into a single Economy Ministry.

Among Thursday's highlights were Marina Silva for environment minister and Senator Simone Tebet as planning and budget minister. Lula gave them key positions after they provided crucial endorsements for his narrow Oct. 30 election victory over outgoing President Jair Bolsonaro. One of Brazil's best-known environmentalists, Silva previously held the same ministerial position for five years during Lula's first term as president, overseeing a significant drop in deforestation. "She played an extremely important role in the campaign," Lula said of Tebet, who will oversee Brazil's budget and set up a multiannual plan with goals for the administration. Lula, who had previously disclosed 21 of the future ministers, also tapped other moderate figures to his cabinet in order to secure support in Congress.

☆ Simone Tebet seen accepting Lula's offer of Brazil planning minister
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Dec 27 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva has invited centrist Senator Simone Tebet to be his planning minister, a close Lula aide said on Tuesday, and she is expected to accept. Tebet backed Lula over far-right incumbent Jair Bolsonaro after ditching her own presidential bid when she failed to make the run-off. Her support was seen as crucial for leftist Lula's election, helping him secure moderate votes in the second round. The planning minister job was first offered to economist Andre Lara Resende, a member of Lula's transition team, but he declined. On Monday, incoming Finance Minister Fernando Haddad said there would be no problems working with Tebet, whom he called "very qualified" and "someone who knows how to work in a team."

Investors have called for Lula to restore firm rules for public spending after major outlays by outgoing President Jair Bolsonaro through the pandemic and election campaign. Instead, Lula is pushing to dismantle old budget rules to ramp up social spending. Senator Simone Tebet, of the centrist Brazilian Democratic Movement party (MDB), said the economy minister should be his first cabinet pick to make clear what his policies are going to be affecting the economy. "An economy minister is needed to explain the president's political thought," she told reporters. The rout made clear that many investors want to see more clarity over ministerial appointments and how Lula aims to stabilize Brazil's public finances.

Most speculation has focused on who will be his finance minister, which will be a major signal to investors of his commitment to fiscal discipline. If Lula has settled on his pick, he has not yet told even his closes aides. "He banned any talk of this because in a tight election, anticipating names could have a negative impact," said a senior member of Lula's Workers Party who requested anonymity. Meirelles was finance minister in the government that replaced impeached President Dilma Rousseff in 2016, drawing lasting ire from some in the Workers Party. She would be a strong pick for agriculture minister, sources said, as she comes from farm state Mato Grosso do Sul, although she has said publicly she would rather be education minister.

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