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PAC: Growth Program Boosts in 2010

By Karen Shishiptorova, Contributing Reporter

RIO DE JANEIRO – The Programa de Aceleração do Crescimento (PAC), or Growth Acceleration Program, was launched in Brazil in January, 2007 by president Luiz Inácio Lula da Silva. During the 2006 president elections, a few of the candidates cited Brazil´s need to grow as a major issue. Lula has made the campaign platform a reality.

The PAC is a program with a total budget of R$503 Billion focused on infrastructure improvements such as sanitation, energy, public water resources, transportation, logistics, energy and housing, throughout the entire country. Among other measures, it . . .

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