Brazil’mining company Vale signed a contract with oil company Petrobras to lease potassium reserves for exploration. The project will help lower the country’s dependence on importe fertilizers.
Author: Agência Brasil
The Brazilian minister of Foreign Relations, Antonio Patriota, travelled to Africa to discuss the political crisis in the world. The route includes Ethiopia, Tunisia and Egypt.
President Dilma Rousseff stated that Brazil must seek an interest rate level similar to those seen in other countries.
Finance minister Guido Mantega stated that in spite of IMF recommendations, the country will continue intervening in exchange rates to reduce the value of the country’s currency.
Investment in the segment, in Brazil, will reach US$ 320 billion up until 2015, according to a study conducted by the Brazilian Development Bank. Oil and gas should receive the largest share.
A Brazilian mission will go to Tripoli to help remove landmines. The country will also help fight AIDS and support the conduction of Parliamentary elections.
The Brazilian National Treasury rebought US$ 896 million worth of Brazilian government bonds in foreign countries this Wednesday (18th).
The outflow of dollars from Brazil was US$ 799 million higher than the inflow from April 1st to 13th, according to the Central Bank.
The Libyan deputy prime minister, Omar Abdelkarim, met with Brazil’s president Dilma Rousseff and US secretary of State Hillary Clinton, and said his country wants partnerships with Western nations.
The Treasury of Brazil sold US$ 1.6 billion in treasury notes on the international market, with a rate of return of 8.6% a year, the lowest interest ever offered on this kind of note.
This Monday (16th) the institution announced its new president, the United States-born Jim Yong Kim, of South Korean descent. He will replace Robert Zoellick for a five-year term.
The activity of the Brazilian economy declined for the second month in a row. There was a 0.07% slowdown in February compared with January.
The Brazilian government aims to save the amount in order to pay public debt interest next year. The GDP growth forecast is 5.5%, as against 4.5% in 2012.
Brazilian economy must have greater productivity to improve competitiveness, said BNDES president Luciano Coutinho, in a meeting at the CNI.
