A report from the international organization on the country stresses the need for reforms to enable medium-term growth. The IMF, however, sees Brazil resilient against external shocks.
Author: From the Newsroom
Purchases were done in Q1, according to a survey by KMPG. Mergers and acquisitions increased 15% in the period in the country.
Brazil is going through the fourth day of a truckers’ strike, which has been impacting foreign sales, since meat cargos have been having difficulties to reach the ports. Per day, exports have declined by nearly 1,200 containers.
So said the Brazilian foreign minister Aloysio Nunes. He also said he is ready to sign a Brazil-Morocco Cooperation and Trade Facilitation Agreement.
An IMF staff mission traveled to the Arab country and advised the government not to increase spending on the back of the oil price hike, as well as meet fiscal targets.
The Arab country’s Ministry of Oil is seeking to attract investors for the construction of the plant, planned for a capacity of 70,000 barrels per day.
The announcement was made this Tuesday (22) after a meeting between the president of the New Development Bank (NDB) with the Brazilian FM in Shanghai. The office will open until the end of the year.
Rudy El Azzi took the post of Lebanon’s general consul in São Paulo in April and met with members of the Arab Chamber’s board of directors this Tuesday.
Exports reached USD 5.2 billion and imports came out to USD 3.3 billion in the third week of May in Brazil. Month-to-date, there was a USD 5 billion surplus.
The Arab Brazilian Chamber of Commerce released a statement informing that it is the only chamber officially recognized in Brazil by the Union of Arab Chambers.
In April, the country’s airports received over 2 million passengers. The Casablanca terminal accounted for 40% of the total.
The IMF released a preliminary report of a visit to the Arab country and praised the efforts made to go forward with the reform program. The Fund should disburse other USD 2 billion to Egypt as part of their agreement.
The visa waiver will become effective as of June 3. The same agreement will apply to Emiratis travelling to Brazil.
Brent North Sea crude oil reached USD 80.18, the highest price in four years.
