The GDP of Latin America and the Caribbean should grow 3.5%, boosted mainly by the performance of Brazil and Argentina. Better agricultural activity, growth of investment and domestic demand should boost both economies.
Author: From the Newsroom
The film ‘Condom Lead’ is the first production from Palestine ever to run for the French festival’s short film category. The movie portrays the relationship between a man and a woman in times of war.
The country will have the right to collect US$ 1.75 billion in the period in 24 months. The objective is to support the programme for economic reforms of the local government.
According to the United Nations (UN), the donation is ‘unprecedented.’ In addition to the UNHCR, the country has transferred funds to five other UN agencies.
Exports of trading companies from Brazil to the Arab country generated US$ 173 million in the first quarter and grew 218% over the same period in 2012. General sector sales abroad dropped 4.5%.
Company was pre-qualified to participate in the tender for exploration of offshore oil and gas in the Arab country. The bids will be presented on May 2nd.
Telephone service company Thuraya has entered an agreement with Claro and Telefónica for its clients to use GSM network. The deal also allows Brazilians to use the Arab company’s network.
Dollar outflows from Brazil have exceeded inflows by US$ 2.941 billion in the second week of April, according to Central Bank figures.
The Fund’s World Economic Outlook report indicates that oil-exporting countries in the Middle East and North Africa will grow at a slower pace due to reduced demand. The importers are still troubled by political unrest.
A study by a North American consultancy company stated that government investment should transform the travel sector in the Gulf country. Forecasted revenues are 42.5% greater than recorded last year.
Brazil’s Fernando Pimentel is going to attend the Annual Investment Meeting from April 30th to May 2nd. The goal is to introduce Brazilian projects to foreign investors.
Such was the combined capacity at the country’s 108 wind farms as of late 2012. The volume is up 73% from the preceding year.
The Brazilian trade balance surplus was US$ 627 million last week, expanding the total in the month to US$ 938 million. In the accumulated result for the year, however, the difference between exports and imports records a deficit.
The Brazilian Development Bank disbursed US$ 18.6 billion in the first quarter, growth of 52% over the same period last year.
