Monday, 11 November 2019

Busy weekend in Latin America, with Lula out of prison in Brazil and Evo Morales resigning from office in Bolivia; Brazilian financial market reacts badly, Bovespa falls and the dollar opens in fall in Brazil this Monday

The crisis in Bolivia, Lula's exit from prison and infrastructure projects are the main issues in Brazilian newspapers this Monday. The State of Sao Paulo states that Evo and three others in the power line resign in Bolivia; Globo publishes that Evo Morales resigns under protests and military pressure and Correio Braziliense reports that Evo Morales resigns and Bolivia is left without government; according to Folha de S.Paulo says that Lula will start a series of trips around the country starting in Pernambuco, in the Brazilian Northeast; and Valor Econômico reports that only 6% of cities meet basic sanitation goals.

Pressured by opponents, police, and military, Evo Morales left Bolivia's presidency after nearly 14 years in power. After he left power, there was a cascading departure from the authorities that formed the constitutional succession line. This has created an unknown about who will take over the government in the country.

Lula

According to the president of Cebrap (Brazilian Center for Analysis and Planning) and philosophy professor at Unicamp (State University of Campinas), Marcos Nobre states that with the release of former president Luiz Inácio Lula da Silva, the country's political scenario changes completely. For him, the PT, Lula's party, should present an opposition program to President Jair Bolsonaro.

Former President Lula has said he will oppose the government of Jair Bolsonaro. That means new pressure movements on the already weakened government. Lula represents a larger organization of the opposition to the government, which until now was disorganized. Since the government of Jair Bolsonaro has great difficulty defending its theses in the Brazilian Congress, the reinforcement and reorganization of the opposition could make even more difficult the economic change projects proposed by the current government.


Basic sanitation in Brazil

Meanwhile, in Brazil, according to the Valor Econômico newspaper, only 6% of Brazilian cities meet the basic sanitation goals of the new sanitation legal framework. Of the 5,570 Brazilian cities, only 343 already have a sanitation coverage rate above 90% for water supply and 60% for sewage collection and treatment.


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