Developing countries should be better represented in global institutions: Brazil’s Rousseff

Rodrigo Campos – Reuters, 09/24/2014

Brazilian President Dilma Rousseff told the United Nations on Wednesday that developing countries should be better represented in international financial institutions that otherwise are in danger of losing legitimacy.

“The delay in the expansion of voting rights of developing countries in these institutions is unacceptable,” Rousseff said in a speech to the United Nations General Assembly.

She said it was imperative to eliminate what she called a disparity between the importance of emerging economies and their “insufficient” representation in such institutions as the International Monetary Fund and the World Bank.

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Brazil Exports First Military Drone: Flight Technologies FT-100 Horus Heads To Unnamed African Country

Angelo Young – International Business Times, 8/4/2014

The first Brazilian-made tactical drone is headed to Africa before the end of the year, says São Paulo-based FT Sistemas S.A., one of the country’s larger producers of unmanned aerial vehicles. The company wouldn’t say which African country is buying its FT-100 Mini-UAV, or for what purposes.

“The Horus FT-100 was designed in conjunction with the Brazilian Army . . . to be used in typical applications of short range performed by platoons, companies or even battalions,” the company said in its announcement (in Portuguese) from July 28. It didn’t mention the value of the deal. Brazil is emerging as a major player in the sale of modern military equipment in emerging and developing markets that can’t afford equipment developed by major players, like Bethesda-based Lockheed Martin Corporation (NYSE:LMT) or Britain’s BAE Systems plc (LON:BA).

“The UAV market remains dominated by the US and Israeli defense contractors, but other nations have been heavily investing in the technology especially for more cost-effective, less technologically advanced solutions,” said IHS Jane’s Defence Industry.

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