IBOV 167,874.64 ▼ 2.50% IPSA 11,128.56 ▼ 1.25% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,022,485 ▼ 3.19% COLCAP 2,423.37 ▲ 2.14% BVL PERÚ 59,693.55 ▼ 1.60% USD/BRL5.16▲ 0.93% USD/MXN17.07▼ 0.41% USD/CLP913.38▼ 0.42% USD/COP3,125▼ 0.99% USD/PEN3.38▼ 0.01% USD/ARS1,491▼ 0.53% USD/UYU40.23▲ 1.56% USD/PYG5,925▲ 1.88% USD/BOB11.72▲ 0.37% USD/DOP58.04▲ 0.92% USD/CRC447.79▲ 1.51% USD/GTQ7.62▲ 2.47% USD/HNL26.78▲ 1.86% USD/NIO36.62▲ 1.01% USD/VES759.31▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.26▲ 0.31% USD/TTD6.71▲ 1.22% EUR/BRL5.95▲ 1.42% BRENT 88.61 ▲ 1.01% WTI 83.09 ▲ 1.17% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.60% GOLD 4,444 ▲ 1.89% SILVER 65.10 ▼ 0.01% SOY 1,168 ▲ 0.86% CORN 460.75 ▲ 5.13% WHEAT 629.25 ▼ 1.76% COFFEE 314.20 ▼ 5.45% SUGAR 16.68 ▲ 1.28% ORANGE JUICE 139.60 ▼ 1.59% COTTON 83.79 ▲ 1.29% COCOA 5,665 ▼ 2.68% BEEF 226.88 ▼ 2.74% CATTLE 345.60 ▼ 1.47% LITHIUM 74.08 ▼ 0.88% PETR4 41.35 ▼ 2.08% VALE3 74.56 ▲ 0.89% ITUB4 39.42 ▼ 2.47% BBDC4 16.90 ▼ 1.63% ABEV3 15.04 ▼ 1.51% BBAS3 19.55 ▼ 2.40% B3SA3 14.29 ▼ 2.59% WEGE3 47.12 ▼ 1.07% PRIO3 59.37 ▼ 3.05% SUZB3 40.61 ▼ 1.65% RENT3 35.00 ▼ 3.58% AZZA3 16.45 ▼ 1.79% CSAN3 3.38 ▼ 2.03% RAIZ4 0.25 — 0.00% PCAR3 2.71 ▼ 4.58% GMAT3 3.68 — 0.00% PSSA3 49.00 ▼ 1.41% CVCB3 1.36 ▼ 4.23% POSI3 3.32 ▼ 5.14% SLCE3 13.28 ▼ 0.67% NATU3 8.31 ▲ 2.85% BRKM5 5.73 ▼ 0.35% RANI3 7.96 ▼ 0.75% CSNA3 4.28 ▼ 4.04% CMIN3 5.41 ▼ 0.92% USIM5 6.87 ▼ 4.05% GGBR4 24.29 ▼ 3.80% ENEV3 24.66 ▼ 2.61% CPFE3 43.58 ▼ 1.85% CMIG4 10.58 ▼ 0.94% EQTL3 35.89 ▼ 2.39% LREN3 12.12 — 0.00% VIVT3 30.13 ▼ 1.37% RAIL3 13.02 ▼ 1.51% KLABIN 17.59 ▼ 1.51% RAIA DROGASIL 18.30 ▼ 5.57% RDOR3 33.15 ▼ 2.41% HAPV3 10.09 ▼ 2.04% FLRY3 18.50 ▲ 0.44% SMTO3 15.48 ▲ 3.55% UGPA3 31.01 ▲ 0.03% VBBR3 33.27 ▼ 0.51% BBSE3 37.35 ▼ 2.30% BPAC11 50.46 ▼ 6.31% CURY3 31.49 ▼ 0.63% AERI3 2.28 ▼ 1.30% VIVARA 21.02 ▼ 2.87% COMPASS 22.19 ▼ 1.47% VAMOS 2.86 ▼ 1.72% SANB11 29.42 ▲ 0.58% ASAI3 7.98 ▼ 0.99% SBSP3 26.06 ▼ 1.85% WALMEX 48.34 ▲ 0.33% GMEXICO 222.28 ▼ 1.13% FEMSA 202.06 ▼ 1.76% CEMEX 19.12 ▼ 1.85% GFNORTE 193.42 ▼ 1.89% BIMBO 61.68 ▲ 0.15% TELEVISA 9.70 ▼ 2.71% AMX 20.18 ▼ 1.46% GAP 365.49 ▼ 1.29% ASUR 271.39 ▼ 1.18% OMA 232.25 ▼ 0.10% KOF 185.16 ▼ 0.78% GRUMA 255.01 ▲ 0.02% KIMBER 39.93 ▼ 0.92% SQM-B 65,727 ▼ 1.83% COPEC 6,030 ▼ 1.18% BSANTANDER 79.88 ▼ 2.35% FALABELLA 6,321 ▼ 1.84% ENELAM 87.10 ▼ 0.46% CENCOSUD 1,980 ▼ 3.41% CMPC 1,038 ▲ 0.25% BANCO CHILE 188.93 ▼ 0.44% LATAM AIR 24.47 ▼ 1.29% YPF 7,920 ▼ 1.80% GGAL 7,075 ▼ 3.87% PAMPA 5,175 ▼ 1.24% TXAR 764.50 ▲ 1.33% ALUAR 954.00 ▲ 0.26% TGS 9,150 ▼ 1.93% CEPU 2,137 ▼ 2.33% MIRGOR 1,655 ▼ 2.07% COME 42.95 ▲ 0.14% LOMA NEGRA 3,150 ▼ 3.37% BYMA 286.50 ▼ 0.09% TELECOM ARG 4,355 ▼ 3.65% ECOPETROL 16.91 ▼ 0.82% BANCOLOMBIA 99.23 ▲ 8.48% GRUPO AVAL 5.31 ▲ 0.47% CREDICORP 377.45 ▼ 1.25% SOUTHERN COPPER 191.37 ▼ 4.37% BUENAVENTURA 34.50 ▼ 0.23% MERCADOLIBRE 1,922 ▲ 5.37% NUBANK 13.58 ▼ 2.02% XP 15.62 ▼ 3.61% PAGSEGURO 8.98 ▼ 1.16% STONE 10.14 ▼ 2.27% GLOBANT 39.08 ▲ 1.37% TECNOGLASS 42.82 ▲ 3.36% GAP AIRPORT 213.25 ▼ 1.35% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.50 ▼ 0.03% AMX ADR 23.52 ▼ 1.55% FEMSA ADR 118.01 ▼ 1.59% CEMEX ADR 11.14 ▼ 1.46% PETROBRAS ADR 17.96 ▼ 2.05% VALE ADR 14.41 ▼ 3.26% ITAU ADR 7.61 ▼ 3.44% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.87 ▼ 2.35% CSN 0.85 ▼ 5.45% GERDAU 4.73 ▼ 4.74% LATAM ADR 53.35 ▼ 0.73% BTC 63,430 ▼ 0.75% ETH 1,862 ▼ 0.48% SOL 74.91 ▼ 1.36% XRP 1.01 ▼ 0.12% BNB 609.12 ▲ 1.74% ADA 0.19 ▼ 2.98% DOGE 0.07 ▲ 1.06% AVAX 6.22 ▼ 3.28% LINK 8.55 ▲ 3.15% DOT 0.78 ▼ 2.74% LTC 45.03 ▼ 0.18% BCH 211.80 ▼ 0.62% TRX 0.33 ▲ 1.19% XLM 0.16 ▼ 0.70% HBAR 0.07 ▼ 2.34% NEAR 1.55 ▼ 3.38% ATOM 1.42 ▲ 1.77% AAVE 86.84 ▼ 2.57% SELIC 14.00% EMBRAER 93.08 ▼ 1.67% EMBRAER ADR 71.88 ▼ 2.61% JBS 13.12 ▼ 2.20% JBS BDR 67.46 ▼ 2.10% MBRF3 15.47 ▼ 2.95% MBRFY 2.95 ▼ 4.84% INTER 5.13 ▼ 4.21% EGX 54,829 ▼ 0.09% USD/ZAR16.18▼ 0.11% USD/NGN1,360▼ 0.09% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY159.26▼ 0.03% USD/CNY6.74▼ 0.13% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD1.15▲ 0.03% GBP/USD1.35▲ 0.14% SPX 7,735 ▼ 0.23% DJI 53,897 ▼ 0.15% NDX 29,524 ▼ 0.33% RUT 3,030 ▲ 0.43% TSX 36,503 ▲ 0.12% VIX 15.41 ▼ 0.32% USD/CAD1.39▼ 0.15% US10Y 4.6840 ▼ 0.32% IBOV 167,874.64 ▼ 2.50% IPSA 11,128.56 ▼ 1.25% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,022,485 ▼ 3.19% COLCAP 2,423.37 ▲ 2.14% BVL PERÚ 59,693.55 ▼ 1.60% USD/BRL 5.16 ▲ 1.01% USD/MXN 17.10 ▼ 0.22% USD/CLP 913.58 ▼ 0.40% USD/COP 3,116 ▼ 1.26% USD/PEN 3.38 ▼ 0.09% USD/ARS 1,493 ▼ 0.39% USD/UYU 40.23 ▲ 1.56% USD/PYG 5,925 ▲ 1.88% USD/BOB 11.72 ▲ 0.37% USD/DOP 58.20 ▲ 1.20% USD/CRC 447.79 ▲ 1.51% USD/GTQ 7.62 ▲ 2.47% USD/HNL 26.78 ▲ 1.86% USD/NIO 36.62 ▲ 1.01% USD/VES 759.31 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.39% USD/TTD 6.71 ▲ 1.22% EUR/BRL 5.95 ▲ 1.45% BRENT 88.61 ▲ 1.01% WTI 83.09 ▲ 1.17% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.60% GOLD 4,444 ▲ 1.89% SILVER 65.10 ▼ 0.01% SOY 1,168 ▲ 0.86% CORN 460.75 ▲ 5.13% WHEAT 629.25 ▼ 1.76% COFFEE 314.20 ▼ 5.45% SUGAR 16.68 ▲ 1.28% ORANGE JUICE 139.60 ▼ 1.59% COTTON 83.79 ▲ 1.29% COCOA 5,665 ▼ 2.68% BEEF 226.88 ▼ 2.74% CATTLE 345.60 ▼ 1.47% LITHIUM 74.08 ▼ 0.88% PETR4 41.35 ▼ 2.08% VALE3 74.56 ▲ 0.89% ITUB4 39.42 ▼ 2.47% BBDC4 16.90 ▼ 1.63% ABEV3 15.04 ▼ 1.51% BBAS3 19.55 ▼ 2.40% B3SA3 14.29 ▼ 2.59% WEGE3 47.12 ▼ 1.07% PRIO3 59.37 ▼ 3.05% SUZB3 40.61 ▼ 1.65% RENT3 35.00 ▼ 3.58% AZZA3 16.45 ▼ 1.79% CSAN3 3.38 ▼ 2.03% RAIZ4 0.25 — 0.00% PCAR3 2.71 ▼ 4.58% GMAT3 3.68 — 0.00% PSSA3 49.00 ▼ 1.41% CVCB3 1.36 ▼ 4.23% POSI3 3.32 ▼ 5.14% SLCE3 13.28 ▼ 0.67% NATU3 8.31 ▲ 2.85% BRKM5 5.73 ▼ 0.35% RANI3 7.96 ▼ 0.75% CSNA3 4.28 ▼ 4.04% CMIN3 5.41 ▼ 0.92% USIM5 6.87 ▼ 4.05% GGBR4 24.29 ▼ 3.80% ENEV3 24.66 ▼ 2.61% CPFE3 43.58 ▼ 1.85% CMIG4 10.58 ▼ 0.94% EQTL3 35.89 ▼ 2.39% LREN3 12.12 — 0.00% VIVT3 30.13 ▼ 1.37% RAIL3 13.02 ▼ 1.51% KLABIN 17.59 ▼ 1.51% RAIA DROGASIL 18.30 ▼ 5.57% RDOR3 33.15 ▼ 2.41% HAPV3 10.09 ▼ 2.04% FLRY3 18.50 ▲ 0.44% SMTO3 15.48 ▲ 3.55% UGPA3 31.01 ▲ 0.03% VBBR3 33.27 ▼ 0.51% BBSE3 37.35 ▼ 2.30% BPAC11 50.46 ▼ 6.31% CURY3 31.49 ▼ 0.63% AERI3 2.28 ▼ 1.30% VIVARA 21.02 ▼ 2.87% COMPASS 22.19 ▼ 1.47% VAMOS 2.86 ▼ 1.72% SANB11 29.42 ▲ 0.58% ASAI3 7.98 ▼ 0.99% SBSP3 26.06 ▼ 1.85% WALMEX 48.34 ▲ 0.33% GMEXICO 222.28 ▼ 1.13% FEMSA 202.06 ▼ 1.76% CEMEX 19.12 ▼ 1.85% GFNORTE 193.42 ▼ 1.89% BIMBO 61.68 ▲ 0.15% TELEVISA 9.70 ▼ 2.71% AMX 20.18 ▼ 1.46% GAP 365.49 ▼ 1.29% ASUR 271.39 ▼ 1.18% OMA 232.25 ▼ 0.10% KOF 185.16 ▼ 0.78% GRUMA 255.01 ▲ 0.02% KIMBER 39.93 ▼ 0.92% SQM-B 65,727 ▼ 1.83% COPEC 6,030 ▼ 1.18% BSANTANDER 79.88 ▼ 2.35% FALABELLA 6,321 ▼ 1.84% ENELAM 87.10 ▼ 0.46% CENCOSUD 1,980 ▼ 3.41% CMPC 1,038 ▲ 0.25% BANCO CHILE 188.93 ▼ 0.44% LATAM AIR 24.47 ▼ 1.29% YPF 7,920 ▼ 1.80% GGAL 7,075 ▼ 3.87% PAMPA 5,175 ▼ 1.24% TXAR 764.50 ▲ 1.33% ALUAR 954.00 ▲ 0.26% TGS 9,150 ▼ 1.93% CEPU 2,137 ▼ 2.33% MIRGOR 1,655 ▼ 2.07% COME 42.95 ▲ 0.14% LOMA NEGRA 3,150 ▼ 3.37% BYMA 286.50 ▼ 0.09% TELECOM ARG 4,355 ▼ 3.65% ECOPETROL 16.91 ▼ 0.82% BANCOLOMBIA 99.23 ▲ 8.48% GRUPO AVAL 5.31 ▲ 0.47% CREDICORP 377.45 ▼ 1.25% SOUTHERN COPPER 191.37 ▼ 4.37% BUENAVENTURA 34.50 ▼ 0.23% MERCADOLIBRE 1,922 ▲ 5.37% NUBANK 13.58 ▼ 2.02% XP 15.62 ▼ 3.61% PAGSEGURO 8.98 ▼ 1.16% STONE 10.14 ▼ 2.27% GLOBANT 39.08 ▲ 1.37% TECNOGLASS 42.82 ▲ 3.36% GAP AIRPORT 213.25 ▼ 1.35% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.50 ▼ 0.03% AMX ADR 23.52 ▼ 1.55% FEMSA ADR 118.01 ▼ 1.59% CEMEX ADR 11.14 ▼ 1.46% PETROBRAS ADR 17.96 ▼ 2.05% VALE ADR 14.41 ▼ 3.26% ITAU ADR 7.61 ▼ 3.44% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.87 ▼ 2.35% CSN 0.85 ▼ 5.45% GERDAU 4.73 ▼ 4.74% LATAM ADR 53.35 ▼ 0.73% BTC 63,430 ▼ 0.75% ETH 1,862 ▼ 0.48% SOL 74.91 ▼ 1.36% XRP 1.01 ▼ 0.12% BNB 609.12 ▲ 1.74% ADA 0.19 ▼ 2.98% DOGE 0.07 ▲ 1.06% AVAX 6.22 ▼ 3.28% LINK 8.55 ▲ 3.15% DOT 0.78 ▼ 2.74% LTC 45.03 ▼ 0.18% BCH 211.80 ▼ 0.62% TRX 0.33 ▲ 1.19% XLM 0.16 ▼ 0.70% HBAR 0.07 ▼ 2.34% NEAR 1.55 ▼ 3.38% ATOM 1.42 ▲ 1.77% AAVE 86.84 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Politics - Brazil Rio de Janeiro

Brazil’s Rousseff Sworn in Promising Priority to Education

By · January 2, 2015 · 3 min read

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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – President Dilma Rousseff was sworn in on Thursday, January 1st, for a second term in office promising to make education her administration’s number one priority during the next four years. Among the foreign dignitaries at hand were the presidents of Uruguay (Jose Mujica), Bolivia (Evo Morales), Venezuela (Nicolas Maduro) and Chile (Michelle Bachelet), the United States Vice-President Joe Biden as well as Chinese Vice-President Li Yuanchao.

Dilma Rousseff and daughter ride in an open car to Congress where she was sworn in for her second term on January 1st, Rio de Janeiro, Brazil, Brazil News
Dilma Rousseff and daughter ride in an open car to Congress where she was sworn in for her second term on January 1st, photo by Marcelo Camargo/Agencia Brasil.
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“By naming Brazil ‘the country of education’ we are stating that education will be the priority of all priorities,” she said during her inauguration speech in Brasília, adding that the education sector will begin to receive ‘more significant’ volumes of revenues from petroleum royalties and the exploration of the sub-salt layer.

As Rousseff enters her second term, Brazil’s economy is facing one its worst moments in decades, with nearly zero economic growth and increasing inflation.

“More than anyone, I know that Brazil needs to once again grow,” said the President, adding that the first steps of this journey would necessarily mean an adjustment in public accounts and an increase in domestic savings. Yet Rousseff noted her administration will not tolerate high inflation and would once again defeat the false thesis that there is a conflict between economic stability and social investments.

In November the former left-wing militant stunned the financial sector by appointing bank executive Joaquim Levy to head the Finance Ministry. The move pleased international markets and investors alike, but was criticized by the more radical wing of the President’s PT (Workers Party).

Dilma Rousseff is applauded in Congress as she finishes delivering the inaugural speech for the start of her second term in office, Rio de Janeiro, Brazil, Brazil News
Dilma Rousseff is applauded in Congress as she finishes delivering the inaugural speech for the start of her second term in office, photo by Antonio Cruz/Agencia Brasil.

During her inaugural speech Rousseff said that although the country’s economy has been a cause of concern there have been many accomplishments during the last four years. “Brazil today is the seventh economy in the world, the second largest producer and exporter of agricultural goods, the third largest exporter of minerals, the fifth country to attract foreign investment, the seventh in foreign exchange reserves, and the third in number of Internet users,” she stated.

The administration has also been tarnished in the past year by the widespread corruption scandal at one of the Brazil’s most prestigious companies, state-controlled oil giant, Petrobras. Speaking to members of Congress and foreign dignitaries Rousseff mentioned the scandal.

“We have many reasons to preserve and defend Petrobras from domestic predators and its foreign enemies. We will investigate every wrongdoing and strengthen (the company) even more. We should be able to investigate without weakening Petrobras,” said Rousseff.

The President also proposed a national pact against all types of corruption, stating that her administration has been one of the strongest supporters of anti-corruption laws. Rousseff said that her office would submit an anti-corruption bill to Congress.

After her inauguration speech, Rousseff swore in the 39 ministers who will make up her cabinet for her second term. Across Brazil 27 re-elected and new governors were also sworn in their respective states.

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