Word: leme
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Dates: during 2000-2009
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...record $208 billion in foreign reserves. The banking system has remained well regulated, and so far seems to have been less exposed to the toxic assets that have wrecked many U.S. and European banks. All this has "buffered Brazil quite a bit against the global downturn," says Paulo Leme, emerging-markets director at Goldman Sachs...
...system, simplifying Brazil's baroque tax code and combatting massive tax evasion could help Lula drop interest rates and free up at least $5 billion - more than half of Brazil's entire education budget - for projects like Zero Hunger. "This government's macroeconomic approach has been impeccable," says Paulo Leme, head of emerging market analysis at Goldman Sachs in New York, noting wryly that the PT used to oppose pension reform. "They understand now that what causes poverty in Brazil is the excessive size of the state." Will Brazil's Congress understand that too? Lula's bond with the governors...