Brazil’s Lula’s Ambitious $350bn Growth Plan

Brazil's "growth acceleration" plan, called PAC, aims to attract $347.5 billion in investments through public-private partnerships and a new ecological transition plan. The government expects over $1.3 trillion to be invested by 2026, with the private sector contributing the majority of the funds. The plan focuses on infrastructure development, energy, logistics, and social welfare while emphasizing environmental goals and sustainability. Finance Minister Fernando Haddad stated that the plan aims to accelerate economic growth while reducing environmental degradation and emissions.