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Brazil's Lula vetoes bill restricting Indigenous land claims
  + stars: | 2023-10-20 | by ( ) www.reuters.com   time to read: +2 min
"The president vetoed everything that was unconstitutional and not consistent with our Indigenous peoples policy," his Institutional Relations Minister Alexandre Padilha announced. "The important thing is that Indigenous rights are guaranteed by the veto," she said at a news conference with Padilha after a meeting with Lula to decide the matter. Indigenous communities across the country claim land that farmers have settled and developed, in some cases for decades. Farmers have said the bill would ensure greater legal security of their land ownership, curtailing land conflicts. Minister Guajajara responded in an interview with Reuters that it would undermine the ancestral land rights of Indigenous people and threaten their way of life, and she urged Lula to veto it completely.
Persons: Sonia Guajajara, Adriano Machado, Luiz Inacio Lula da Silva, Alexandre Padilha, Brazil's, Lula, Guajajara, Anthony Boadle, David Gregorio, Richard Chang Organizations: Indigenous, National, REUTERS, Rights, Institutional, Padilha, Farmers, Reuters, Thomson Locations: Brasilia, Brazil, Rights BRASILIA
CNN —A man dressed in the yellow and green of the Brazilian flag walks towards a glass table inside the Planalto Presidential Palace in Brasilia with a metal rod in his hand. The footage provides new insight into one of the darkest days in in the life of Brazil’s young democracy. It also appears to bolster the claims of those who accused police of failing to act to stop protesters from breaking into the Presidential Palace, among other government buildings. The newly obtained footage shows police forces seemingly retreating as supporters of former Brazilian president Jair Bolsonaro – who was ousted in a vote last fall – march on the palace. “To liken my behaviour to that Major distributing waters to protesters is absurd,” he told Brazilian broadcaster Globo.
BRASILIA, March 29 (Reuters) - The goal of Brazil's new fiscal framework will be a zero primary deficit in 2024, followed by surpluses in subsequent years, as President Luiz Inacio Lula da Silva seeks a sustainable trajectory for the country's public debt, government sources told Reuters on Wednesday. According to one of the sources, the primary surplus will be equivalent to 0.5% of GDP in 2024, rising to 1% of GDP in 2025. The new framework will combine a target for primary results with a spending rule and will have adjustment mechanisms in case of noncompliance. Sources spoke anonymously, as the topic is being addressed in private conversations with congressmen. Talking to reporters, Padilha said that the leaders of Brazil's Congress have indicated that, once submitted, the fiscal rules should be quickly approved.
The central bank stated in a note that Serra's departure follows the end of his term on Feb. 28. The day after Serra's departure, the director of Economic Policy, Diogo Guillen, began temporarily accumulating his function, a common practice at the central bank until substitutions are made. Supervision director Paulo Souza, whose term also expired at the end of February, remains in his current position. Under a 2021 law granting formal autonomy to the central bank, Governor Roberto Campos Neto will remain in office until December 2024. Lula, who has criticized Campos Neto and the central bank for keeping interest rates high to combat inflation, will eventually replace all nine members of the bank's board, which decides monetary policy.
His role involves presenting the government's agenda to Congress and other bodies including the central bank. Brazilian news website Metropoles and Bloomberg cited unidentified sources as saying an early review of the inflation target and an increase were under discussion. President Luiz Inacio Lula da Silva has criticized the 13.75% benchmark interest rate, set by the central bank, as too high. Supporters of this move argue that raising the inflation target would require less monetary tightening and sustain economic activity. Critics said that a higher target could stoke expectations for even greater inflation and hinder the central bank's achieving the new objectives.
BRASILIA, Jan 27 (Reuters) - Brazil's government will try to reach a deal "as soon as possible" on compensation for the 2015 burst of a tailings dam owned by Samarco, a joint venture between Vale (VALE3.SA) and BHP <BHP.AX>, Institutional Relations Minister Alexandre Padilha said on Friday. In a news conference in Brasilia, Padilha said the matter had been discussed at a meeting with state governors earlier in the day. "We will try and reach this compensation agreement as soon as possible in light of the environmental crime that was committed in Mariana," Padilha said. In late 2021, a study done by a company contracted by prosecutors showed the "socio-environmental" damage caused by the dam rupture was between 37.6 billion reais ($7.35 billion) and 60.6 billion reais ($11.85 billion). ($1 = 5.1126 reais)Reporting by Lisandra Paraguassu; Editing by Isabel Woodford and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
[1/2] Security forces operate as supporters of Brazil's former President Jair Bolsonaro demonstrate against President Luiz Inacio Lula da Silva, outside Brazil’s National Congress in Brasilia, Brazil, January 8, 2023. The battalion of troops assigned to guard the presidential palace did not respond either until rioters had entered and trashed the palace, according to a Reuters witness. Four on-duty staffers from the National Security Adviser's office (GSI) were quickly overwhelmed inside the presidential palace and their office ransacked. Presidential Chief of Staff Rui Costa said the government now faces the challenge of undertaking a "decontamination" of the security forces and holding those responsible accountable. "This excessive participation of the military and military police in politics is progressively leading to ideological contamination of the forces," Costa said.
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."
RIO DE JANEIRO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, head of oil workers' union FUP, said on social media that Lula had picked Prates based on the labor group's recommendations. He added that Senator Alexandre Silveira would be chosen to be mines and energy minister. The transition team, Prates and Petrobras did not immediately respond to requests for comment. Preferred shares of the oil company rose more than 2% after Bacelar's post, outperforming Brazil's benchmark stock index Bovespa <.BVSP>, before ceding half the gain.
SAO PAULO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva on Thursday announced a new set of future cabinet members ahead of his Jan. 1 inauguration, including Vice President-elect Geraldo Alckmin as minister of development, industry and trade. Lula also said economist Esther Dweck would lead the newly created Management Ministry, while business-friendly congressman Alexandre Padilha was appointed institutional affairs minister. Reporting by Gabriel AraujoOur Standards: The Thomson Reuters Trust Principles.
SAO PAULO, Dec 14 (Reuters) - Brazil's lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, hammering shares of the state-run oil company, devastated by a political graft scandal over the past decade. Shares in state-run oil company Petroleo Brasileiro SA (PETR4.SA) (Petrobras) closed 10% lower on Wednesday. Analysts at BTG Pactual said the revised law would be bad for governance at state-owned firms as it eliminates one of their main mechanisms of defense from political influence. Incoming Finance Minister Fernando Haddad did his best to downplay the looser controls on politicians running state firms, saying the most important way to fight corruption is with strong, independent auditors. Reporting by Eduardo Simoes, Carolina Pulice and Marcela Ayres; Writing by Steven Grattan and Gabriel Araujo; Editing by Brad Haynes, Mark Potter and Lincoln Feast.
[1/2] Brazil's former President and presidential candidate Luiz Inacio Lula da Silva and Sao Paulo Governor candidate Fernando Haddad react at an election night gathering on the day of the Brazilian presidential election run-off, in Sao Paulo, Brazil, October 30, 2022. Defeated President Jair Bolsonaro had not made public remarks more than 17 hours after the race was called. Some of his key allies have recognized publicly that Lula had won the race, easing concerns of contested election results. "There will be no transition problem, even if Bolsonaro reacts badly, most of his allies have already recognized Lula's victory". Francisco Levy, chief strategist at Empiricus Investimentos, said a favorable international reaction to Lula may help markets on the short term.
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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