The amount will support job creation in the Upper Egypt region. The area is home to 67% of the country’s poorest people. The loan is part of a program that will transfer another USD 7.5 billion to the nation until 2019.
Browsing: Economy
From January to August, there was a deficit of BRL 71.4 billion (USD 21.90), according to data from the National Treasure. The year’s target is a deficit of BRL 170.5 billion (USD 52.31 billion).
In a report, the International Monetary Fund says that reforms announced by the government should bring growth back, however, warns that they need the Congress’ support.
Business owner and now perfumer Julia de Biase created four perfumes with scents typical of the Arab world to sell in her stores in the city of São Paulo. She offers fragrances for men and women.
Revenues from external sales by the capital goods industry amounted to USD 696 million last month. It went up over the same month of 2015 and over July. But the sector’s trade balance is still in deficit.
Total credit operations in Brazil amounted to BRL 3.1 trillion in August, the same as in July. In the whole year, however, the Central Bank is expecting a contraction.
A poll of Brazilian industrialists shows optimism is back regarding the activity growth outlook for months to come.
According to report made public this Tuesday (27) by the World Trade Organization, the deceleration of developing economies, such as Brazil, has drove down trade volumes.
The Brazilian Central Bank (BC) updated from 6.9% to 7.3% the forecast for the 2016 Extended National Consumer Price Index (IPCA).
Rio Grande do Sul state brand Maria Pavan closed deals with three Arab clients in a fair in Paris. It’s the first time that the brand sells to the UAE. It also has a new Saudi client.
The Brazilian Central Bank (BC) revised up from USD 15 billion to USD 18 billion its forecast for the 2016 current account deficit. However, foreign direct investments can fund the deficit in full.
In the fourth week of September, exports from Brazil fetched USD 3.71 billion, with imports amounting to USD 3.02 billion.
A poll of financial institutions by the Brazilian Central Bank sees inflation at 7.25% this year, down from a prior forecast of 7.34%.
Spending in August reached USD 1.3 billion, up 2.3% from the same month a year ago. Exchange rate fluctuation and improved consumer confidence were factors.
