The International Monetary Fund said the oil glut has affected the country’s economy and suggests cost containment measures including tax raises and wage freezes.
The country’s government defined a new electoral model that will open space for the representation of women and minority groups. Elections are expected to take place in September.
Agricultural equipment and commodities are the most sought items by companies from Sudan visiting the Brazilian stand at the Khartoum International Fair.
International Monetary Fund technicians have completed their third review of the country’s economy and the precautionary and liquidity line, which serves as a buffer against the crisis, remains in place.
The president of the Arab Chamber pointed out the importance of long-term contact for the maintenance and expansion of business with Middle East and North Africa countries. The Chamber released extensive activity calendar.
In a lecture at the Arab Chamber, Zeina Latif stressed the need to get the country’s finances in order so it can grow again and draw investments in. She also said the export portfolio needs diversifying.
According to Brazilian Institute of Geography and Statistics, the average rate throughout the year stood at 6.8%, an increase of two percentage points over 2014.
The Jordan Chamber of Commerce plans to organize a mission with importers, exporters and investors.
Industry association data show a 16.2% decline in the year. However, upward foreign sales numbers in November and December might be a novel trend, the association says.
The Brazilian minister of Finance, Nelson Barbosa, stated that the Fund’s incumbent managing director can count on the Brazilian government’s backing for another term in office.
Survey by FGV shows an increase of 2.5 points in January 2016 over December of last year.
New president of the Brazilian Association of Defense and Security Materials Industry, Frederico Aguiar, says that Brazil can work in partnership with friendly Arab countries through exports and industrial operations in the region.
Portuguese learning, volunteering, high school and even internship programs have been attracting students from several countries to many Brazilian cities. Specialized agencies help the foreigners.
The World Bank revised down forecasts for 2016 prices of 37 of 46 basic products analyzed. Global supply should remain large, with demand standing low.
