Brazil
Brazil is the largest country in South America in area and population. It was one of the world’s fastest-growing economic powerhouses from 2000 to 2010, but the boom appeared to sputter in 2011. The country’s meteoric rise occurred under the stewardship of Luiz Inacio da Silva, who served as president from 2002 to 2011.
Brazil’s current administration, headed by Dilma Rousseff, has faced discontent from a growing middle class over its preparations for the World Cup in 2014 and an array of lavish projects conceived when economic growth was surging that now stand abandoned, stalled or wildly over budget. Despite facing fierce criticism over her economic policies, Rousseff was narrowly re-elected to a second term as president on October 26, 2014.
Scroll below to learn more about Brazil using our article archive and chronology of breaking news.
CHRONOLOGY OF COVERAGE
FEB. 17, 2015
Residents of Sao Paulo, Brazil, face unprecedented water crisis as city's reservoir system nears depletion due to drought; will likely have to submit to water rationing, and could even be asked to flee city due to shortage; crisis has been worsened by pollution, deforestation, population growth and lack of political will, despite fact that Brazil is one of world's most water-rich nations. MOREFEB. 11, 2015
Problems stemming from accusations of bribery at Brazil’s state-controlled petroleum giant are putting the country’s capital markets and other companies at risk. MOREFEB. 7, 2015
Brazil's scandal-prone oil giant Petrobras announces in regulatory filing that Banco do Brasil executives Aldemir Bendine and Ivan de Souza Monteiro will become its chief executive and chief financial officer, respectively; investors signal disapproval as both common and preferred shares in company close down. MOREFEB. 5, 2015
Leaders of Brazilian oil giant Petrobas resign suddenly, in midst of bribery scandal over kickbacks to members of Pres Dilma Rousseff's Workers Party and allies; resignation follows incriminating disclosures by former executive Paulo Roberto Costa as part of plea bargain. MOREJAN. 28, 2015
Brazilian Olympic organizers concede that they have no alternative plan for sailing competitions, despite warning from top environmental official that nation will not be able to clean up Guanabara Bay in time for 2016 events. MORE
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