The International Monetary Fund will help local authorities implement economic programme to help country reduce debts and grow.
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According to the Brazilian Treasury Secretary, Arno Augustin, the raising of 1 billion euro by the Brazilian government this Thursday on Europe, shows the international investors’ trust.
Multinational intends to invest US$ 1.3 billion until 2016 and the company’s CEO claims that the country’s lowering of credit rating by S&P does not alter its plans.
Direct investment amounted to US$ 175 billion worldwide last year. Four Arab organizations are among the top ten investors, according to the Foreign Wealth Fund Institute.
Foreign sales from Brazil increased both in February-on-February and in the first two months of the year. The international market underpinned the industry’s revenues.
The São Paulo-based Ideia Glass ships glass shower boxes, doors and panes to four countries in South America. The company derives 20% of its revenues from foreign sales.
An International Monetary Fund mission convened with Iraqi authorities in Amman, Jordan, and said the country’s GDP has increased, as did forex reserves. Spending and safety are still challenges.
The country has responded to the challenges at an international level in a classical and sturdy way, according to information released by the Central Bank (BC, in the Portuguese acronym) in reply to the lowering of Brazil’s ratings by S&P.
After showing a surplus in the first fortnight in March, Brazilian trade balance was again negative last week. Deficit was US$ 461 million.
Although the result in February 2014 was the best ever for the month, consumption was down 1.5% in the first two months this year from the same period last year, according to the Central Bank.
“Mercado Persa” will take place between April 11 and 13 at the WTC São Paulo Events Center, in São Paulo’s capital. The festival will have concerts, dance competitions, lectures, workshops, fair and parade.
The minister of Finance said the country plans on granting control over 60 enterprises to the private initiative, including the airline and the telecommunications company.
According to research by the National Confederation of Industry (CNI, in the Portuguese acronym), entrepreneurs’ confidence in the Brazilian economy and in their own companies is on a downward trend.
Report by the Brazilian Central Bank claims that Brazil’s financial institutions are capable of resisting the impact of a drop in real estate prices.
