Brazilian economy fuels HE exchange

Last year, Brazil’s President Dilma Rousseff
Now, the National Petroleum Agency (ANP)
1% of oil revenues for R&D andeducation
This development is directly linked to the economic boom Brazilcurrently experiences. Only recently, it became
The state owned firm Petrobras significantly contributes to thisgrowth which also benefits higher education. Part of the firm’s oilconcession contract with the government is a clause that obligesthe firm to invest 1% of gross revenues from high yield oil fieldsinto R&D and education projects. This is also where the moneyfor Petrobras 5,000 scholarships comes from.
Universities in the United States, France and Great Britainmight be especially happy about this news. During her diplomatictravels abroad, Rousseff signed agreements paving the way fortalented Brazilian students into American, French and Britishuniversities.
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