Watch in this episode: Arab Week in Brasília; Algerian Culture Week in Brazil; imported foodstuffs; and Manaus, the most exotic host city of the 2014 FIFA World Cup.
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The Brazilian trade surplus stood at US$ 112 million, as a result of US$ 17.6 billion in exports and US$ 17.5 billion in imports. Both the daily export and import averages declined March-on-March.
Brazilian companies of this kind directed roughly US$ 6.4 billion to investments in January and February, 13.9% of the total last year, according to information released by the Official Gazette.
The São Paulo Stock Exchange (Bovespa) was up 7.05% in March, the best monthly result since January 2012, and the first positive performance since October.
In the fiscal year beginning this Tuesday and ending in March 2015, the Qatari government plans on spending US$ 62 billion. The GDP growth forecast is 6%.
Financial institutions polled by the Central Bank have slightly revised down their economic growth projections for 2014. The previous forecast was 1.7%.
The International Monetary Fund will help local authorities implement economic programme to help country reduce debts and grow.
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.
