The forecast inflation was raised to 7.9%. The IPCA has been more strongly impacted by fluctuations in the prices of monitored items—goods like gasoline, liquefied petroleum gas, and medications.
Gustavo Montezano, president of the Brazilian Development Bank, tasked with designing the privatization process, argued the utility “drained” public funds that could be put towards other fields, like education and health care.
After its 18th and last turbine was switched on, the world’s fourth largest hydropower plant and Brazil’s biggest—the Belo Monte Dam—is now fully operational.
Joaquim Silva e Luna, director of Itaipu Binacional on Brazil’s side, said Tuesday (Oct 29) he is “confident” that Brazil and Paraguay will reach an agreement on the purchase of energy from the hydroelectric power plant by Paraguay’s state-run National Electricity Administrati