Two decades after the fact, a political earthquake that should be rocking Brazil apart is being met with thunderous silence.
What is now described as the Banestado leaks and the CC5gate is straight out of vintage WikiLeaks: a list, published for the first time in full, naming names and detailing what is one of the biggest corruption and money laundering cases in the world for the past three decades.
The loan will help Brazil safeguard the income of about 5 million people in vulnerable situations.
The post BRICS New Development Bank Offers Brazil COVID-19 relief first appeared on The BRICS Post.
Brazilian President Jair Bolsonaro continues to occupy international news headlines, for the wrong reasons as a result of exploitative politics. True to his word to open up Brazil to multinational companies, in particular the Amazon which he considers an untapped resource as yet, Bolsonaro has embarked upon a series of decisions which spell disaster for the environment and indigenous communities.
Over the past 20 years, like clockwork, severe droughts have hit the Amazon every five years with regularity 2005, 2010, 2015. Of course, droughts have hit the Amazon rainforest throughout paleoclimate history, but this time it’s different. The frequency and severity is off the charts.
The $1.5 billion bond has an issue yield of 0.66 per cent and is listed on the Irish Stock Exchange
The NDB has been making emergency loans to help member states combat COVID-19 [NDB]
The BRICS New Development Bank (NDB) COVID-19 Response will be used to finance sustainable development activities in its member countries, including emergency assistance loans to the BRICS member countries.
A modern day tableau like this is only wishful thinking for Russians, Americans, Indians... but what about Brazilians?A lot of people have noticed that countries with anti-democratic authoritarian leaders-- namely, the U.S., Brazil, Russia and India-- are being hit hardest by the pandemic. It's almost like God wants to punish fascists, especially incompetent fascists:
Bolivian President Evo Morales was overthrown in a U.S.-backed coup in November. But new details have emerged that suggest Brazil had a larger hand in his ouster than previously confirmed.
Russia is battling it out with Brazil for the number 2 spot behind Trumpland for the most cases of COVID-19. Right now Brazil has taken the lead. Though the U.S. seems untouchable in the realm of caseloads-- blowing through the 1,700,000 make yesterday (with 19,790 new cases Sunday), Brazil has been steadily pulling away from Russia over the past few days.
