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Lula's growth package

Overview

The Lula government's growth package, dubbed PAC, the Portuguese acronym for Accelerated Growth Programme, is unlikely to achieve its goal of boosting Brazil’s anaemic growth rate to 5 per cent. While the PAC is an indication that the administration is seeking to address many of the economy’s most serious infrastructure bottlenecks, it fails to recognize that the private sector should take a leading role in the development of new infrastructure and in overall economic development....

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