ABSTRACT

The Brazilian government of the New Republic is convinced that the solution to the economic troubles gripping the nation rests in the private sector. This emphasis on the private sector and democracy in Brazil has been clearly understood by the Reagan administration, which has helped our nation during recent, difficult moments. Multilateral development banks, such as the World Bank, have a role to play in fostering private sector development. The increase in the intensity of protectionist sentiment here has threatened Brazilian trade in areas where we are natural and legitimate suppliers to the United States. To secure economic growth consistent with both order and progress multilateral development banks should fill the gaps in capital requirements. Brazilians can be classified into four categories: those who contracted the debt, those who spent the money, those who talk about the debt, and those who struggle to pay it back.