Brazil’s Congress Approves CPMF Tax with 2016 Budget

Brazil’s Congress Approves CPMF Tax with 2016 Budget

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With only days to go before the start of a new year, Brazil’s Congress approved on Thursday the 2016 Budget which calls for the creation of a tax over financial transactions (CPMF tax) and establishes a lower primary surplus target, of 0.5 percent of the […]

Brazil’s Government Housing Program Expected to Slowdown

Brazil’s Government Housing Program Expected to Slowdown

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With the third phase of the government’s Minha Casa, Minha Vida (My House, My Life) housing project scheduled to be launched on Thursday, September 10th, government officials are signaling that this major social project may be on the list of those whose investments will be […]

Rousseff and Pezão in Rio Opening Minha Casa Minha Vida Project

Rousseff and Pezão in Rio Opening Minha Casa Minha Vida Project

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – In the municipality of Maricá in Rio de Janeiro state, President Dilma Rousseff and Governor Luiz Fernando Pezão were on hand to inaugurate 2,932 homes which are benefiting more than 11,000 people, according to government sources. The Minha Casa Minha Vida (My House My Life) […]

President Rousseff Promises More Integration for Rio 2016 Olympics

President Rousseff Promises More Integration for Rio 2016 Olympics

By Ruth Faulkner, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s President Dilma Rousseff visited the Rio 2016 Organizing Committee with representatives from the three levels of government yesterday (May 12th), seeing the headquarters for the first time. The aim of the congregation’s visit, which included state governor Luiz Fernando Pezão and Rio’s mayor Eduardo […]

Government Suspends Program Linked to Minha Casa, Minha Vida

Government Suspends Program Linked to Minha Casa, Minha Vida

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Minha Casa Minha Vida (My House My Life) the massive public low income housing campaign launched by the Brazilian Federal Government in 2009 has entered its third phase, focusing now on housing in the country’s large cities. Although government officials say that the main program […]

New Education Center Opens in Rio’s Bairro Carioca

New Education Center Opens in Rio’s Bairro Carioca

By George Utley, Contributing Reporter RIO DE JANEIRO, BRAZIL – A new Nave do Conhecimento (Education Center) was unveiled in May at the Bairro Carioca, an urban renewal project in the Zona Norte (North Zone) of Rio de Janeiro. The center will provide young people with access to various courses including digital literacy, information technology, […]

More Funds for Minha Casa Minha Vida in 2014

More Funds for Minha Casa Minha Vida in 2014

By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – President Dilma Rousseff’s government is increasing funding for the landmark Minha Casa Minha Vida (My House My Life) program by R$1 billion in 2014. The move, which will funnel R$15.77 billion into the government-sponsored housing credit initiative, according to O Globo, is an attempt […]

Brazil Infrastructure Spending Slows

Brazil Infrastructure Spending Slows

By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government has spent only 17.6 percent of the R$130.4 billion authorized for investments in the country in the federal budget this year, according to a report from the National Treasury. This is less than during the first four months of last year, […]

More Minha Casa Minha Vida Fraud: Daily

More Minha Casa Minha Vida Fraud: Daily

By Chesney Hearst, Contributing Reporter RIO DE JANEIRO, BRAZIL – Allegations of fraud continue in Brazil as some low income familes in the northern state of Pará remain without the homes they were promised after registering for the major government public housing program, Minha Casa Minha Vida (My House My Life). Problems have been reported […]

Minha Casa Minha Vida’s Two Fatal Flaws

Opinion, by Anna Kaiser RIO DE JANEIRO, BRAZIL – Minha Casa Minha Vida, Brazil’s flagship public housing program, attempts to provide housing to mid-low income Brazilians. While the goal of the program is admirable, in practice this endeavor seems to be doomed by a system of corruption, inefficiency and bureaucracy. With a R$72 billion (US$36 […]