By Mira Olson, Contributing Reporter

RIO DE JANEIRO - On March 29th the Brazilian government announced a new Growth Acceleration Program (PAC 2) that will provide R$1.59 trillion (US$880 billion) in infrastructure and public projects as the second phase of the economic stimulus program targeting areas of high social sensitivity such as housing and health. Of that total, R$958 billion will be invested between 2011 and 2014.

Much controversy has arisen regarding the necessity and the true objectives of PAC 2, given that the . . .

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