AIRLINK 78.39 Increased By ▲ 5.39 (7.38%)
BOP 5.34 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.33 Increased By ▲ 0.02 (0.46%)
DFML 30.87 Increased By ▲ 2.32 (8.13%)
DGKC 78.51 Increased By ▲ 4.22 (5.68%)
FCCL 20.58 Increased By ▲ 0.23 (1.13%)
FFBL 32.30 Increased By ▲ 1.40 (4.53%)
FFL 10.22 Increased By ▲ 0.16 (1.59%)
GGL 10.29 Decreased By ▼ -0.10 (-0.96%)
HBL 118.50 Increased By ▲ 2.53 (2.18%)
HUBC 135.10 Increased By ▲ 2.90 (2.19%)
HUMNL 6.87 Increased By ▲ 0.19 (2.84%)
KEL 4.17 Increased By ▲ 0.14 (3.47%)
KOSM 4.73 Increased By ▲ 0.13 (2.83%)
MLCF 38.67 Increased By ▲ 0.13 (0.34%)
OGDC 134.85 Increased By ▲ 1.00 (0.75%)
PAEL 23.40 Decreased By ▼ -0.43 (-1.8%)
PIAA 26.64 Decreased By ▼ -0.49 (-1.81%)
PIBTL 7.02 Increased By ▲ 0.26 (3.85%)
PPL 113.45 Increased By ▲ 0.65 (0.58%)
PRL 27.73 Decreased By ▼ -0.43 (-1.53%)
PTC 14.60 Decreased By ▼ -0.29 (-1.95%)
SEARL 56.50 Increased By ▲ 0.08 (0.14%)
SNGP 66.30 Increased By ▲ 0.50 (0.76%)
SSGC 10.94 Decreased By ▼ -0.07 (-0.64%)
TELE 9.15 Increased By ▲ 0.13 (1.44%)
TPLP 11.67 Decreased By ▼ -0.23 (-1.93%)
TRG 71.43 Increased By ▲ 2.33 (3.37%)
UNITY 24.51 Increased By ▲ 0.80 (3.37%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,493 Increased By 58.6 (0.79%)
BR30 24,558 Increased By 338.4 (1.4%)
KSE100 72,052 Increased By 692.5 (0.97%)
KSE30 23,808 Increased By 241 (1.02%)

imageBRASILIA: Brazil's President Dilma Rousseff begins her second term Thursday, aiming to get economic growth back on track, and to rebuild government credibility after a major kickbacks scandal.

Thousands of supporters -- and pockets of detractors -- were due to gather and watch the 67-year-old left-wing former urban guerrilla arrive to receive the seals of office at a ceremony in Brasilia slated for 3:00 pm (1700 GMT).

Rousseff, the 200 million-strong South American giant's first female leader, will first be driven in a Rolls Royce down the Ministries Esplanade to Congress, where she will take the oath before heading to the presidential palace to make a national address.

Following the ceremonies, Rousseff will have no time to bask in her electoral triumph, conscious of the overriding need to kickstart an economy that has spluttered along over the past four years with pallid growth showing no sign of returning to 2010's heady heights of 7.5 percent.

The world's seventh-biggest economy boomed for a time under her Workers Party predecessor Luiz Inacio Lula da Silva, who put in place a decade ago the extensive welfare programs which helped secure Rousseff's narrow poll win in October over social democrat and business world favorite Aecio Neves.

Voters heavily reliant on the programs helped Rousseff land a second term which now starts with her government dogged by scandal amid a legal probe into a huge network of corruption at Petrobras, the state oil firm she used to chair.

The scandal has tainted many of her allies in a broad ruling coalition and weakened her hand.

Rousseff saw off challenges in her first term, including unprecedented mass street demonstrations that for a time threatened to take the shine off even set-piece spectacles such as last year's football World Cup.

"Today, I am much stronger, calmer and mature for the task I have been assigned," Rousseff insisted following her election win.

Copyright AFP (Agence France-Presse), 2014

Comments

Comments are closed.