Brazil uses an abundance of currency for diplomatic leverage. Read the full article, here.
Brazil’s foreign-aid programme
Speak softly and carry a blank cheque
In search of soft power, Brazil is turning itself into one of the world’s biggest aid donors. But is it going too far, too fast?
Jul 15th 2010 | BRASILIA
ONE of the most successful post-earthquake initiatives in Haiti is the expansion of Lèt Agogo (Lots of Milk, in Creole), a dairy co-operative, into a project encouraging mothers to take their children to school in exchange for free meals. It is based on Bolsa Família, a Brazilian welfare scheme, and financed with Brazilian government money. In Mali cotton yields are soaring at an experimental farm run by Embrapa, a Brazilian research outfit. Odebrecht, a Brazilian construction firm, is building much of Angola’s water supply and is one of the biggest contractors in Africa.