The improved rating of the Brazilian debt by ratings agency Moody’s has not caused the price of Brazilian government bonds to rise overseas.
Author: Agência Brasil
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.
The United States have waived the option to appeal the WTO ruling in favour of Brazil in orange juice issue.
According to a report by the FAO and OECD, disclosed on Friday (17), meat prices should rise up to 30%, and those of grain may grow around 20%.
Financing package should be announced officially by president Dilma Rousseff on Friday, providing for a 5% increase in the grain crop and expansion of ethanol production.
The statement was made by the Brazilian minister of Finance, Guido Mantega, this Wednesday, referring to the country’s credit default swap market risk assessment.
Tourism sector enterprises that intend to invest in modernization, expansion or training may request a line of credit from the National Development Bank.
The statement was made by the president of the Brazilian Airport Infrastructure Company (Infraero), Gustavo do Vale. The budget, covering 13 airports, has been maintained at US$ 3,5 billion.
Exports reached US$ 5.3 billion and imports reached US$ 4.3 billion last week, generating a trade surplus of US$ 1.06 billion for Brazil.
Brazil exported the equivalent of US$ 8.4 billion in May. Soy and meats were the main export items. Over the last 12-month period, revenues from shipments reached US$ 82.6 billion.
