Brazil Left, But Dialogue Continues, Says IMF

    In a statement issued by the International Monetary Fund (IMF) website, Managing Director Rodrigo de Rato says that Brazil’s decision not to renew the arrangement with the IMF reflects the positive situation of the Brazilian economy.

    The note says that Brazil has overcome the instability of prior years, reaching “impressive results, generally ahead of expectations.”


    Rato emphasizes Brazil’s GDP (gross domestic product) growth of over 5% in 2004, the highest in 10 years.


    He also mentions the country’s external performance, fiscal balance, public debt and inflation reduction. According to him, these factors bolstered confidence in Brazil.


    The IMF Managing Director also says that the country’s international reserves are at a comfortable level, and that a consistently strong fiscal performance is responsible for reducing the public debt and preserving macroeconomic stability.


    Brazil has already made many reforms, and others continue on the Brazilian government agenda, especially the social ones, which are welcomed by the IMF, the statement says.


    Rato concludes that Brazilian authorities and the IMF will continue the “close and cooperative policy dialogue” between them.


    ABr

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Industry Jobs in Brazil Grow Again

    Following two months of decline, industrial employment grew once again in April, in comparison ...

    Bristol-Myers Makes Brazil World Center for its IT Support

    The president of Bristol-Myers Squibb Brazil, Mário Grieco, should announce today the details of ...

    Brazil's Melissa sandal

    Iraqi Architect Puts Her Imprint on Brazil’s Hottest Sandal

    Melissa, the most popular sandal in Brazil,  will be "speaking" Arabic once again. In ...

    Gabeira's Navegação na Neblina

    Gabeira, a Do-gooder Brazilian Politico Among Foxes Devouring Public Chickens

    Brazil’s leading news magazine, Veja, praised Congressman Fernando Gabeira as “the champion of ethics ...

    161 Brazilians on Death List Due to Land Dispute

    A work group established by the Special Secretariat of Human Rights has begun to ...

    JBS

    JBS, Brazil-Based World’s Largest Beef Processor, Raises Capacity by 25%

    JBS, a Brazilian company which is the world's biggest beef processor said this Monday, ...

    Exotic Product, Made in Brazil

    In the list of products exported by Brazil, more than 7,000 items are considered ...

    Brazil’s Lula Faces Murder and Challenges from Right and Left

    The murder of Dorothy Stang, a 73 year-old American nun who helped peasants engage ...

    Brazil Joins the Very Closed Uranium Enriching Club

    At the moment, when anyone mentions nuclear program, all eyes turn to Iran and ...

    GM Brazil factory in Rio Grande do Sul

    GM Spends US$ 500,000 in Brazil and Argentina on New Breed of Small Cars

    General Motors (GM) announced today, July 18, that it will be investing US$ 500 ...