The President of Brazil, now visiting
This is a vote of confidence in
But the deals are substantial: “$1 billion in credit for food, road building, nickel mining and other development projects,” according to Reuters; “a deal to begin exploratory oil drilling in Cuban waters within two years,” according to AP; construction of a lubricants plant; refurbishment of a nickel plant (the Pedro Soto Alba in Moa?); and biotechnology.
Also, encouragement of private Brazilian investment through credits to support Cuban exports through Brazilian companies, provided that
There is one issue that screams out by its absence: ethanol. This is hard to figure considering Brazil’s previous interest in ethanol development in Cuba, Cuba’s announced policy of being open to sugar/ethanol investment, the economic advantages of sugar-based ethanol and Brazil’s state-of-the-art expertise in producing it, Cuba’s ability to produce sugar, the high price of ethanol today, and the short period of time (two to three years, an industry friend tells me) to go from groundbreaking to production. I wonder how officials will discuss this if they face reporters on Tuesday.
Finally, a humble suggestion: If they are going to spend millions on road construction, could they consider spending a small part of that budget on signs that tell you where