Brazilian ChinAfrica phenomenon

Ever hear of the "Brazilian ChinAfrica" moment? Well, it is now. The investment on infra-structure of the North-East is similar to a typical market bubble (like China nowadays) but the current structure of roads, trains, hospitals and police training and equipments is compared to some places in Africa.

The advance of the super-poor into the poor category of Brazilian's North-East region, boosted small and family businesses increasing the power of credit for millions. The recent oil bay discovered by Petrobras, added some money to the left-wing government that gave a nice beautiful first-time home buyers unprecedented credit: any citizen now can fully finance their first home and the government will pay 20% of it. For a flat or house that costs BR$100 thousand, the buyer will pay only BR$80 thousand in fixed instalments funded by one of the government banks, Caixa Economica Federal (Federal Economic Till -- funny name when translated but it makes sense in Portuguese.)

I hear people complaining that they can't find builders and construction professional. That never happened in Brazil.