The organisation promoted a meeting with around 20 companies on Wednesday (08) to show the work it offers. The institution operates as a facilitator of business between Brazilians and Arabs.
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The recommendation is by IMF technicians. They, however, praised the country’s action to replace the oil that stopped being produced by nations in conflict.
According to the Brazilian institute of Geography and Statistics, activity has picked up, especially in Amazonas and Espírito Santo. Pernambuco, Bahia, Minas Gerais and São Paulo also posted growth.
Brazilian exports and imports declined in the first week of the month. The country posted a US$ 458 million trade surplus over three working days.
Automakers operating in the country manufactured 297,800 units in July. Sales increased by a much higher rate than the number of motor vehicles produced.
The deal with the Moroccans is for US$ 6.21 billion, but the country intends to draw the funds only if the international crisis worsens. Over US$ 2 billion will be made available to the Jordanians.
This Monday (6th), the oil company’ president Graça Foster said results will not be negative in quarters to come. The performance was influenced by depreciation of Brazil’s real.
According to figures disclosed by the Central Bank, Brazilian companies spent a net US$ 2.8 billion with purchases from companies abroad in the first half.
The Fund estimates that the country’s economy will grow 2.7% this year, 3.4% in the next, and reach 6% in 2016. In 2011, the GDP was down 1.8% because of the Arab Spring.
The loss was US$ 662 million. The company blames depreciation of the Brazilian real, greater costs and maintenance stops for the weak performance.
The country has been given seven more months to meet the targets of a US$ 3.58 billion deal. The funds are meant to finance the balance of payments.
The Lebanese-born Safa Jubran came to Brazil when her country was in a civil war. Here, she built a career which transformed her into a bridge between Arab literature and Brazilians.
The improvement of the economy of Brazil is gradual, according to an evaluation on Friday (3) by the Central Bank of Brazil.
In July, 72 million cubic metres were produced, up 5.2% from June and 7% from the same month of last year.
