G20 leaders announced the creation of AgResults, a fund which will acknowledge innovative endeavours in food security and agricultural development worldwide. The fund will have up to US$ 100 million.
Author: From the Newsroom
Two of the leading oil producing countries organise an event at Rio+20 to discuss the importance of developing clean energies even in places whose hydrocarbon supplies are vast.
Brazilian foreign sales reached US$ 5.05 billion, a 0.8% increase compared with the other weeks this month, based on daily average figures.
King Abdullah appointed his half-brother Salman as first in line of succession after the death of Naif Bin Abdulaziz Al Saud, the Interior minister.
From July 10th to 13th, the Syrian-Arab Cultural Centre will accept enrolments for its Arabic course of the second half of the year. Classes are available in the late afternoon and early evening.
Khalil Bendib will participate in a meeting next Monday (18th) in São Paulo to discuss his comic book “Zahra’s Paradise,” a fictional plot with the Iranian political situation as a backdrop.
The Argentine Impsa has confirmed investment of R$ 87.5 million to produce, in the state of Rio Grande do Sul, equipment turned to conversion of wind energy into electric energy.
According to the IMF, the performance was driven by oil production, which increased by 15%. Non-oil sectors grew by 4.5%. Government spending was a highlight.
Director of the International Monetary Fund’s Department of External Relations claims that the institution ‘is ready’ to help the Arab country during the government transition period.
The country will need to unlock Preparatory Committee negotiations for the summit due from the 20th to the 22nd this month. The main impasse remains how to fund sustainable development.
A proposal presented by the G77, of developing nations, does not have developed-nation support. The Brazilian Foreign Minister warns that the ‘green economy’ cannot become an excuse for protectionism.
The state-owned bank disbursed an amount equivalent to US$ 16.5 billion in the first four months of 2012. Infrastructure projects received the bulk of funds.
The government of Brazil has changed regulation on the 6% Tax on Financial Operations levied on loans made abroad for contracts of up to two years. Those for greater term have had the tax repealed.
The G77+China group, which includes Brazil, presented a proposal to establish a US$ 30 billion fund to finance sustainable development in emerging countries. The idea will be discussed at the Rio+20.
