Lula's $350 Billion Plan to Accelerate Brazil's Growth

Brazil's President Luiz Inacio Lula da Silva has unveiled a $350 billion "growth acceleration" plan that aims to attract investments through public-private partnerships and drive an ecological transition. The plan, known as PAC, will focus on energy, logistics, and urban and social infrastructure. Lula's government intends to strengthen partnerships between the public and private sectors, with over $300 billion estimated to be disbursed by 2026. The plan emphasizes fiscal and environmental responsibility while addressing social needs. The private sector is expected to invest $122 billion, while the federal government and state-owned firms like Petrobras will contribute $171 billion and $159 billion, respectively. The plan includes an ecological transition plan to combat environmental degradation and reduce emissions.