International Monetary Fund technicians met with local authorities to discuss the progress made and the challenges facing the economy, and suggested additional financial support.
Author: From the Newsroom
Sudan’ ministry of Finance announced it will not perform new cuts in fuel subsidies until international oil prices decline again.
The United Nations High Commissioner for Refugees estimates that 60 million people, including asylum applicants, internally displaced people and refugees, will have left their homes to flee conflicts by the end of this year.
UNESCO declared December 18 the date of Arabic worldwide. On this Friday (18), the organization’s director-general Irina Bokova dedicated the celebration to science and knowledge dissemination.
Ministry of Agriculture issued project with norms for purchases of fertilizers and inputs from abroad and is open to suggestions for the next 60 days. Arab countries supply the product to Brazil.
The UN’s Economic Commission for Latin America and the Caribbean believes Brazil will hold back Latin America’s performance and that its Gross Domestic Product will contract anew in 2016.
Report by the International Monetary Fund indicates an improvement in the macroeconomic situation of the Arab country. Prospect of improvement is driven by the agriculture and construction sectors.
The United States currency gained 1.24% on Brazil’s real and the São Paulo Stock Exchange remained virtually flat, at a marginal 0.32% increment. Brazil’s credit downgrade swung the exchange rate.
The agency is the second one to revise down Brazil’s rating and says the move comes as a result of recession, adverse fiscal developments and the political scenario.
The Arab country bought USD 19.6 million worth of Brazilian shoes from January through November. Saudi Arabia’s imports declined.
Year-to-date until November, administrative expenses increased in comparison to the same period of last year. But, with inflation adjustment factored in, spending was lower.
The estimation by the minister of Agriculture Kátia Abreu takes into account the opening and securing of new markets abroad occurred in 2015, especially for beef exports.
Brazil exported USD 4.2 billion and imported USD 2.6 billion worth of goods last week. Average daily foreign sales were up 12%, with purchases down 6.5%.
A Brazilian Central Bank poll of financial institutions shows that inflation is expected to rise this year and in the next as Gross Domestic Product (GDP) shrinks.
