Dollar inflow to Brazil overcame outflow in US$ 2.229 billion until the 13th, according to the Brazilian Central Bank.
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Watch in this episode: ‘The Arabs and the 25th of March Street’ film contest; plunging stock markets in the Gulf; a exhibition by artist Mona Hatoum; and more.
The cash will be spent on a project to be built around Tunis, the capital. A US$ 29.75 million loan will be made with repayment due in 20 years.
New bidding rounds could take place in the second half of this year, says the Brazilian minister of Planning, Budget and Management, Nelson Barbosa.
Credit taken by Brazilian companies went up 5.8% from January to February and 5.6% year-to-date. Micro and small businesses were the ones driving up the demand.
The three-day event promoted by the government had as its goal to show the economic potential of the country and attract interests of investors.
In the second week of March, Brazil posted a US$ 24 million trade deficit. Year-to-date, the deficit reached US$ 6.089 billion, according to data from the Brazilian Ministry of Development, Industry and Foreign Trade.
As per a Central Bank poll of financial institutions, the economy is expected to contract by 0.78% in 2015. The inflation rate estimate is also higher than previously expected.
The decline occurred in January over December. In a comparison with the same month of last year, the drop was of 1.34%, according to the Central Bank.
The event will take place in São Paulo on March 30th, focusing on economic scenarios in Arab countries and Brazil and business opportunities.
Total foreign sales revenues declined by 23% in January and February. Some countries, such as the United Arab Emirates, however, stepped up their imports.
An executive with the company has said reduced spending on fuel should help bring revenues back to expected levels and meet income targets.
International personalities, business executives, government officials and multilateral organizations will convene for a three-day meeting. The country wants to convey an image of stability and draw investors in.
President Dilma Rousseff said the government is considering transferring to the private sector the airports in Porto Alegre, Salvador and Florianópolis.
