The Fitch ratings agency has recently raised the status for the city of Rio de Janeiro to BBB with a stable perspective (the highest rating in the country), whilst also emphasising the strong position of Brazil as a whole in the face of the international crisis (also reinforced in a recent meeting with President Dilma Rousseff and IMF director-general Christina Lagarde).
Former president Lula da Silva is often attributed with developing the increased economic relationship between Brazil and the African continent – forming what is now known as the ‘south-south’ cooperation after visiting 27 of the 53 countries in 2003. It was this extensive trip that initiated the expansion and creation of a number of Brazilian consulates as well as other ties that were viewed as particularly important, considering the wide range of beneficial correlations.
A review of the Brazilian economy in 2009 for the real estate / land investor: Quarter 1
Link to a paper discussing the effects of an Olympic Games on a city (with particular focus on international trade).
