Political Risk Latin America Blog @PolRiskLatam

Brazil’s Rousseff frustrates top business leaders but is praised by landless peasants

Posted in News and Articles, Political Risk by politicalrisklatam on May 2, 2011

by Merco Press News, May 2nd, 2011.

Brazilian president Dilma Rousseff left top bankers, investors and corporations CEO frustrated following her decision to cancel a speech to the World Economic Forum on Latin America meeting in Rio do Janeiro.

The audience was particularly interested in listening to the Brazilian leader whom some feel she is not entirely enthusiastic about foreign investment, particularly since the recent sacking of the CEO from the country’s largest corporation, mining giant Vale Doce, apparently because he was more inclined to follow world markets that ‘Brazilian interests”.

The president was expected to give the opening speech of the Forum last Thursday before 700 world business and political leaders, including among others Citicorp executive president, Vikram Pandit.

However the presidential office postponed her speech for the following day and at last minute definitively cancelled the appointment. A note sent to the organizers said Ms Rousseff could not participate because of “unexpected difficulties”. (continue reading… )

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