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Lula has a near $900 Billion Brazil Investment Plan for the Next Government.


Brazilian President Lula da Silva announced an $886 billion infrastructure investment plan that would be carried out by his chosen successor, Cabinet Chief Dilma Rousseff, should she win the October presidential election.

The plan, the second stage of Lula’s Growth Acceleration Program, will help Latin America’s biggest economy expand an average 5.5 percent a year through 2014, Finance Minister Guido Mantega said. The proposal calls for public and private investments of 959 billion reais ($534 billion) between 2011 and 2014 and 632 billion reais after 2014, Mantega said.

Lula announced the plan, known as PAC 2 for its Portuguese initials, at a ceremony also attended by his cabinet chief. Rousseff is in second place in national presidential polls, trailing Sao Paulo state Governor Jose Serra.

“This is a purely political move,” said Bolivar Lamounier, a partner at Sao Paulo-based Augurium Consultoria, a political analysis company. “I believe …” READ MORE HERE