The Economist goes to Sinop, in the Amazon, and praises: ‘now it looks like Texas’ – 09/22/2023 – Nelson de Sá

The Economist traveled to Sinop, in Mato Grosso, to hail how “Brazil’s interior now looks like Texas” (below, via Instagram), with “sertanejo (country music)” and cold beer, no longer the “cliché” beach, samba and caipirinha.

In the caption of the photo, in the magazine, “A farmer gathers his cattle on the outskirts of Sinop”, already in the Amazon Biome. It is “a center of soy production” and, “thanks to the money and jobs brought by the agricultural boom, its population has increased by 73% in the last 12 years.”

Towards the end: “The future looks bright. But fears are growing that farmers’ success could contain the seeds of their ruin. Deforestation of the Cerrado could reduce rainfall. Signs of stress from global climate change are already beginning to appear. The countryman may one day lose his arrogance.”

On the other hand, the Supreme Court’s decision to overturn the time frame for indigenous lands also resonates in Europe. In Spanish El País, “a vital victory against agribusiness”. In French Le Monde, “crucial”. In the German network ARD, “historical”, about the “powerful agricultural lobby”. At the BBC, “a milestone”.

Also British The Guardian described “emotional scenes” in Brasília, with people “crying with joy, others dancing”, and highlighted, from the secretary general of the “newly created Ministry of Indigenous Peoples”, Eloy Terena: “Save the indigenous resistance “.

The Financial Times then published the extensive report “Brazil intends to raise US$2 billion through the sale of sustainable” or “green” bonds, highlighted recently in an article by the Minister of Finance.

Lula’s “leftist government commissioned investment banks and held ‘roadshows’ in London, New York and Boston”, describes the FT. But one investor said that “you need to appear at an attractive premium to stimulate investor appetite,” against competitors such as the Fed’s high-interest bonds.

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