Economics

 

President Lula Meets with Social Movements to Discuss Belo Monte Dam (  Ricardo Stuckert, Presidência da República)

In a potentially historic meeting, social movements and indigenous people fighting Belo Monte Dam met with President Lula last week. Those present reported that Lula promised to initiate a dialogue on the proposed project, and that the president guaranteed in his own inimitable way that that "Belo Monte will not be shoved down anyone's throat." But, how likely is Lula to slow down or halt the electric sector's juggernaut that is primed to push the project forward at any cost?

Image BNDES (Archive)

The headline in today's Folha de São Paulo daily stated ironically "Jirau, suspended by court order, gets biggest loan ever from BNDES"