{"id":47805,"date":"2014-04-29T13:03:00","date_gmt":"2014-04-29T15:03:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/infrastructure-is-crucial-for-brazil\/"},"modified":"2019-06-30T13:06:44","modified_gmt":"2019-06-30T16:06:44","slug":"infrastructure-is-crucial-for-brazil","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/infrastructure-is-crucial-for-brazil\/","title":{"rendered":"Infrastructure is crucial for Brazil"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; At the opening of a seminar on the future of Brazilian economy at the National Congress, Finance minister Guido Mantega said that the country is to return to a desirable economic cycle, the average annual investment rate must rise from its current 6.1% to 7% per annum. As per statements made by the minister (29th), the infrastructure sector plays a crucial role within this strategy. <\/p>\n<p>Government figures show that Brazilian foreign trade has risen from US$ 120 billion, ten years ago, to nearly US$ 500 billion at this time. &ldquo;This means we are importing and exporting much more, and this places a demand on ports, airports and roads. Therefore, we need to increase our available infrastructure, otherwise we will see a bottleneck,&rdquo; he explained. <\/p>\n<p>According to him, priority sectors with regards to investment include civil construction, electric power, and oil and gas. Mantega once again dismissed specialists&rsquo; claims that the government prioritizes consumption over investment. &ldquo;This is a mistaken statement,&rdquo; he assured. &ldquo;Over the last 11 years, [investment] has grown at 6.1% [on average per annum]. And that [average rate] also comprises the crisis spell,&rdquo; he explained.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Finance minister Guido Mantega, in order for the country\u2019s economy to re-enter a desirable cycle, the investment rate must climb to 7% per annum.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-47805","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"According to Finance minister Guido Mantega, in order for the country\u2019s economy to re-enter a desirable cycle, the investment rate must climb to 7% per annum.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=47805"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47805\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=47805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=47805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=47805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}