IMF staff met in Kenya with officials of the new government of Somalia and discussed ways to help the country develop a macroeconomic policy. Creating a new currency was one of the issues discussed.
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In the third week of June, Brazilian exports exceeded imports by US$ 1.294 billion. Year-to-date, however, the country is running a deficit.
The Brazilian federal government decided to lift the tariff for purchases of the product from other countries – which was 10% – up until November 30th. The measure is designed to help fight inflation.
The Central Bank forecasts US$ 5.5 billion in inflow into the Brazilian productive sector. In the same period in 2012, the total was US$ 5.8 billion. In 12 months, the value is the highest since December last year.
The Brazilian industry saw an increase in sales May-on-May, as well as in May from April and year-to-date.
The sector is hopeful that competitiveness should increase as a result of the lowered PIS and Cofins contributions. The measure became effective in mid-May to curb the importation hike in the country.
The Statistics Office of the government of Morocco forecasts greater growth and harder to control economic conditions than in 2013.
Syphax Airlines has agreed on the purchase of three A320 and three A320NEO jets from the European manufacturing company during the Paris AirShow.
The World Bank disbursed US$ 9.2 million to finance a project for transparency in the use of public funds, to promote business research and generate jobs. The institution called on governments to make donations.
The index that tracks industrialists’ perceptions of the Brazilian economy was down 1.2% in May from April, according to a preliminary survey.
The Brazilian government will allocate the funds to investment in refurbishing and construction in places other than Brasília, São Paulo and Rio de Janeiro.
Emirates was considered the best in the world, followed by Qatar Airways, in the Skytrax World Airline Awards. Etihad placed seventh in an evaluation of over 200 airlines.
The company announced at the Paris Airshow the release of a new family of regional aircraft, promising to be more efficient and more comfortable for passengers. The event has over 16 companies from Brazil.
Brazil’s trade surplus amounted to US$ 70 million last week, as against US$ 285 million in the preceding week.
