LATAM POLITICS TODAY Lula eyes ‘green’ farm loans to tackle Amazon deforestation

Brazil’s former president and presidential leader Luiz Inacio Lula da Silva, looks on during a meeting of the Brazilian Socialist Party (PSB), which officially nominated him as the party’s candidate, in Brasilia, Brazil, July 29, 2022. REUTERS/ Ueslei Marcelino

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  • New polls keep Lula ahead in Brazil’s election campaign
  • Brazilians Lula and Bolsonaro officially start their campaigns
  • Costa Rica plans to raise $2.7 billion through the sale of state assets

Aug 17 (Reuters) – The latest in Latin American politics today:

Brazilian Lula eyes ‘green’ farm loans to tackle deforestation in the Amazon

SAO PAULO — Advisors to left-wing Brazilian presidential hopeful Luiz Inacio Lula da Silva are offering subsidized “green” agricultural loans to boost the planting of soybeans and corn on open pastures and reduce deforestation of the Amazon rainforest.

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The proposal, revealed to Reuters by a senior Lula adviser, is one of the clearest examples yet of how the former president has tried to woo allies in agribusiness while promising more respectful policies. of the environment. Read more

New polls show Lula ahead ahead of Brazil election

SAO PAULO — Two new polls show left-leaning former President Luiz Inacio Lula da Silva has a solid lead over right-wing President Jair Bolsonaro in Brazil’s October presidential election.

A Genial/Quaest poll shows Lula getting 45% of the vote, while Bolsonaro gets 33%. In the previous August 3 poll, Lula had 44% and Bolsonaro 32%. The poll’s margin of error is 2 percentage points.

The PoderData poll, also released today, gives Lula 44% electoral preference and Bolsonaro 37%. In the previous one, Lula had 43% and Bolsonaro 35%. Both polls also showed Lula winning a potential second round.

Lula and Bolsonaro officially enter election campaign as they woo voters

BRASILIA/SAO PAULO – President Bolsonaro and top challenger Lula officially kicked off their campaigns in October for Brazil’s most polarized elections in decades.

The race pits a nationalist populist with an agenda supported by Christian conservatives against a former labor leader and two-term (2003-2010) president of the country who was jailed for corruption until his convictions were overturned. Read more

Costa Rica plans to raise $2.7 billion through the sale of state financial assets

SAN JOSE — Costa Rican President Rodrigo Chaves said he plans to introduce a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de Costa Rica, along with 49% of the INS public insurance to reduce public debt.

If approved, the sale of the banks is expected to bring in $1.8 billion, or about 2.8% of Costa Rica’s gross domestic product, while the stake in the insurance company is expected to bring in about $890 million. Chaves said in a speech marking his first 100 days. in the office. Read more

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Compiled by Steven Grattan; Editing by Emelia Sithole-Matarise

Our standards: The Thomson Reuters Trust Principles.

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