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Your email address will not be published.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

Lula Starts Brazil’s Campaign with Vulgarity. In Brazil This Is the Norm

Startled, no one was. Not even shocked. For long the unique political vocabulary of ...

Brazil’s Lula Apologizes. Ally Says He Knew All. Impeachment Is on the Cards.

Brazilian President Luiz Inácio Lula da Silva apologized Friday, August 12, in a nationwide ...

Brazil: Rio Landfill’s Biogas Will Power Petrobras’ Plant

The garbage decomposition’s gas at the Jardim Gramacho landfill, in Duque de Caxias, the ...

Brazil Probes Ozone Layer in Search of Climate Changes Answers

Today marks the end of an international mission, the Equatorial Large Balloon Campaign (Campanha ...

Open Letter to President Lula

You will not be able to accuse or avoid responsibility. Who are you going ...

Brazilian Fair: a Window to Brazil’s and the World’s Craft

Art Mundi, the international handicraft fair, who is going on in Brazil, sells from ...

Brazil Keeps Key Interest Rate at Record Low 8.75%

The Central Bank of Brazil (BC) kept its key Selic interest rate at a ...

Macau Delegation in Brazil for Business

Today the chief executive of the Special Administrative Region of Macau, Edmund Ho, will ...

Indians Get Land in Brazil and Governor Declares 7 Days of Mourning

After more than thirty years of resistance and organization by the Makuxi, Ingarikó, Taurepang, ...

For Brazil, Failure Is Not Option in WTO Talks

Delegates from the 23 developing countries making up G-20 pledged unity and warned in ...