The stand-by arrangement has been extended for seven months, until December 31st, to allow more time for reforms implementation. The country has received US$ 1.15 billion from the Fund so far.
Author: From the Newsroom
Students from five universities in the country are participating in the finals of the ACM-ICPC programming competition on May 20th, in Marrakesh. The contest has 128 teams from around the world competing.
The UN agency believes transnational corporations (TNCs) will be more willing to invest from this year on, as a result of the expected rebound of the world economy.
A smaller number of consumers sought out credit last month in Brazil than in April 2014 and in March 2015.
President Dilma Rousseff said that the new stage of the project, set to start in June, will cover highways, ports, railways and airports.
In the second week of May, exports were higher than imports by US$ 676 million. Year-to-date, however, the country is running a deficit.
A report from the European Bank for Reconstruction and Development mentions a rebound in agriculture, growing exports of high value-added goods and cheap oil and also makes projections for Tunisia, Egypt and Jordan.
Earnings from this year’s Q1 declined 1% over the same period of last year.
The Brazilian mining company has completed an operation with a syndicate of 24 global banks. The sum will be available for withdrawal until 2020, replacing a previous line of credit.
Such is the expectation of the Brazilian agency Tunísia Tur, which has taken travel agents from tour operator CVC this week to see major destinations in the North African country.
The meat producer’s revenues with exports to the two regions increased in Q1, but this markets’ share in the company’s total exports declined.
The Brazilian state-run institution disbursed US$ 11 billion in loans in quarter one. A more restrictive operational policy affected the results.
Minister of Planning said that the goal will be reached in the next fiscal year, which starts in July.
The Brazilian auto parts manufacturing company shipped 4.1% of its exports to the region in Q1. In the same period in 2014, this percentage stood at 3.7%.
