The Fund`s executive board signed on an agreement that provides for the disbursement of USD 5.34 billion in three years. The goal is to help the country with its balance of payments.
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The National Confederation of Industry changed from 3.1% to 3.5% its forecast for the decline of the Brazilian economy this year.
The amount sent abroad by foreign workers has been rising in the last few years. The number of immigrants already surpassed 2 million in a population of 4.4 million people.
The financial sector was the one responsible for the country`s forex deficit of USD 3.5 billion in June. Import and export-based operations registered a surplus of USD 3.9 billion.
The costs of internationally traded basic goods in Brazil, tracked by the Brazil Commodities Index, remained level in June from May.
Brazil produced more than 3.1 million barrels of oil equivalent per day in May. Extraction in the pre-salt layer went up 15% and reached 1.15 million barrels a day.
DGCX recorded 9.5 million contracts in the first half, the highest volume for the period. On June 24, the day after the Brexit voting, it saw the highest daily trading volume ever.
The Brazilian food company has approved the establishment of a subsidiary that will be in charge of producing, distributing and selling foodstuffs intended for Muslim markets.
Brazilian financial institutions are expecting the consumer price index to be 7.27% by the end of the year. Last week’s projection had been 7.29%.
Exports outpaced imports in the first half of this year in Brazil by the widest margin ever for the period. In June alone, a USD 3.9 billion surplus was achieved.
After two months going up, industry’s performance remained stable in May. With this result, in the first five months of the year the decline almost reached 10%.
Brazil’s National Monetary Council is required to establish a target two years ahead of time, with 1.5 percentage point headroom up or down.
The Brazilian minister of Finance said reliance on Brazil’s recovery is increasing and that the government’s team of economists is working to change the scenario around.
A study by the International Monetary Fund says that the Arab country will take more than 20 years to return to the economic level it had before the conflict.
