August 19, 2009, was a historic day in the struggle for official auditing of public debt in Brazil, a process already drafted in the Federal Constitution of 1988, and demanded for many years by the Brazilian social movements, especially Auditoria Cidadã da Dívida ("Citizens’ Auditing the Debt"), a campaign that begun after the National Plebiscite about the Debt in 2000, in which more than 6 million Brazilians participated. At 3 p.m. on that day the 16th Plenary meeting of the House of (...)More
BBC News asked four participants in the World Social Forum in Belem, Brazil, (David Evan Harris, Walden Bello, Myriam Vander Stichele and Marcos Arruda) to state their opinions on the global crisis and alternatives to address itMore
From January 27 - February 1, the eighth edition of the World Social Forum (WSF) took place in Belem do Para, the vivacious gateway city to Brazil’s Amazon region. Under throbbing heat and intense tropical rainstorms, over 130,000 activists from 142 countries came together to establish connections between diverse social movements, debate possible solutions to the current financial crisis, and celebrate the construction of a more just and sustainable worldMore
The World Social Forum ended its ninth edition Sunday in Belém with its "Assembly of assemblies" adopting dozens of resolutions and proposals to be the subjects of a programme of mobilisations around the world in 2009.More
Gabriel Strautman is an economist of the Institute of Alternative Policies for the Southern Cone (PACS), member of the Brazilian Network on Multilateral Financial Institutions and of the Jubilee South Network.
The recent announcement of Brazil’s upgrade to the net external creditor position - when a country’s external assets surpass its liabilities - was very welcome by the Brazilian Government’s financial authorities as a triumph of our economic policy. According to the government, for the (...)
Yes, debt audits work! Brazil managed to reduce its foreign debt stock by half after a debt audit initiated by the government of Getúlio Vargas in 1943. As of today, this is one of, if not, ‘the’ most successful experience in terms of achieving actual debt cancellation as a result of an auditing process (see page 06 for an account of the Vargas’ debt audit).
However Brazil has engaged in other audit efforts more recently. It is on these more recent efforts that this report focuses.