The Brazilian industry registered moderate growth, reflecting measures adopted by the government for the reduction of credit, according to the Brazilian Institute for Geography and Statistics.
Author: Agência Brasil
The primary surplus, i.e. savings by the federal, state and municipal government to pay interest on the public debt, reached US$ 4.785 billion in May.
The bank intends to supply US$ 12 billion in financing to Brazil over the next four years, mainly for projects related to the 2014 FIFA World Cup.
Credit balance of the Brazilian financial system should rise by 15% this year, according to a revised estimate of the institution. The previous growth estimate was 13%.
The Brazilian Central Bank has lowered its projection of foreign investment in stocks and bonds in 2011 from US$ 15 billion to US$ 17 billion.
Expenditure by tourists on international trips reached US$ 1.664 billion in May and US$ 8.331 billion from January to May, both all-time highs.
The National Education Council has started reviewing the rules for revalidation in Brazil of diplomas from foreign countries. The objective is to make it more agile.
The sum of dollar inflow and outflow in the country was negative by US$ 759 million up until the 17th this month.
The improved rating of the Brazilian debt by ratings agency Moody’s has not caused the price of Brazilian government bonds to rise overseas.
The Brazilian policy for income transfer programs, like the Family Purse and the Brazil Free from Poverty, will be presented next Friday at a meeting with the countries that are FAO members.
Brazilian bulk steel production rose 9% in the first five months of the year and reached 14.8 million tonnes.
According to Brazil’s Finance Minister, Guido Mantega, the higher Brazilian rating by Moody’s shows how robust the country’s economy is.
The rating agency has increased the Brazilian grade from Baa3 to Baa2, with ‘Possible Upgrade’ perspective. The change took place due to the recent economic adjustment made in the country.
The Brazilian trade surplus reached US$ 11.1 billion from January until the third week of June, 50.9% more than in the same period of last year.
