The amount will be used to ensure economic stability and foster inclusive growth in the Arab country. Money will be made available in US$ 74 million instalments.
Author: From the Newsroom
The country’s GDP slowed down to 2% growth in quarter two this year, as against 2.8% in quarter two 2013. The external deficit widened.
Auto sales slumped in August from July, as per information from the National Motor Vehicle Distributors Association. August-on-August, sales dropped by 16%.
The international airport in the capital of the United Arab Emirates received over 1.7 million passengers in July. Muslim holiday fuelled influx.
Brazilian foreign trade recorded a surplus for the sixth straight month in August and bounced back from year-to-date deficit for the first time in 2014.
Brazil’s economy should grow by 0.52% in 2014, if financial institutions’ forecasts prove true. This was the 14th consecutive downward revision of expectations.
Brazil purchased 2.7 million tonnes from countries in the region from January through July this year, up 19.8% from the same period last year. Morocco was the leading supplier. Brazil’s global fertilizer imports were up 12.8%.
The US$ 217 million instalment is part of an agreement signed in 2013. The Fund says the economy is growing slowly, but acknowledges the fact that structural reforms are being implemented.
Watch in this episode: Arab ambassadors visit Santa Catarina state; how to welcome an Arab guest; Professor Claudio Jorge Monteiro from the FGV School of Economics; and the Apas supermarket trade fair.
A project with Algerian investment in Brazil and another with Brazilian investment in Sudan have been presented at the Brazil-Africa Forum this Friday in Fortaleza, Ceará.
Technicians from the International Monetary Fund and delegates from ten Arab countries met in Beirut to discuss ways to improve tax and customs management.
A survey conducted by Dom Cabral Foundation shows that Brazilian companies attained a higher rate of internationalization in 2013 than in 2012. Construction company Odebrecht now tops the ranking.
In the month, bonds worth US$ 35.9 billion matured. Besides, the month had less business days due to Brazil’s hosting of the FIFA World Cup, therefore less bonds were issued.
According to a survey conducted by the Getúlio Vargas Foundation, August was the eighth straight month in which the sector’s assessment of economic conditions worsened.
