Brazil 2003: Inflation Targeting and Debt Dynamics, Spanish Version Case Solution
It was in the year 2002, month of October, when Luis Inacio Lula da Silva, was elected as a left wing president for the very first time in the history of that country's. Lula sought to reaffirm his commitment to financial discipline, a floating exchange rate, and inflation as marketplaces faltered in result. August 2003, however, his effort to shift market sentiment endangered as the nation faced a looming downturn.
Moreover, after Argentina's enormous default on its public debt at the end of 2001, observers were challenging the sustainability of the debt scenario of Brazil. Execute measures that would help spur the market and Lula was under extreme pressure to produce results instantly.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: February 03, 2004