Brazil’s Foreign Debt Falls US$ 1.6 Bi to US$ 200 Billion

Brazil’s balance of payments (revenues minus expenditures, excluding interest payments) yielded a US$ 3.576 billion surplus in March, raising the total for the first quarter to US$ 10.394 billion.

The figures for March reflect positive results in current transactions (US$ 1.758 billion) and the financial account (US$ 1.561 billion). The stellar performer, once again, was the trade balance, with exports surpassing imports by US$ 3.349 billion.


These figures appear in the March External Sector report, released today by the Central Bank (BC).


The report highlights last month’s inflow of US$ 1.402 billion in net foreign direct investments, doubling the amount invested in March, 2004, and helping to boost the cumulative total for the January-March quarter to US$ 3.489 billion.


The BC report also reveals that the country’s net international reserves grew US 2.942 billion in March, from US$ 59.017 billion, in February, to US$ 61.960 billion.


This increase was the consequence of net purchases by the BC on the domestic market and sales of Global 15 bonds abroad, minus amortization of part of the debt owed to the International Monetary Fund (IMF).


The External Sector report, prepared by the BC’s Economic Department, also contains an estimate of US$ 199.797 billion for Brazil’s foreign debt in January, US$ 1.577 billion less than the US$ 201.274 billion registered in December, 2004.


Medium and long-term debt amounts to US$ 180.3 billion, while short-term commitments correspond to US$ 19.5 billion.


Agência Brasil

Tags:

Ads

You May Also Like

Brazil’s Community Pharmacies Sell Drugs Up to 90% Cheaper

By the end of this year, the Ministry of Health is expected to inaugurate ...

Unemployment Falls in Brazil. Shrinking of Economically Active Population Helps.

The encouraging results of the National Employment Survey, announced by the Brazilian Institute of ...

Tunisia Whets Brazilian Entrepreneurs’ Appetite

The promotion of Brazil-Tunisia relations will proceed today in the city of São Paulo, ...

Interest-Rate Cut to 18.5% Boosts Brazil Market

Latin American stocks were mixed, with Brazilian stocks posting robust gains on expectations of ...

Brazil’s GDP Fall, Worse Than Bad News

The announcement by the Brazil’s statistics bureau, the IBGE, that the Brazilian GDP growth ...

Damascus Fair, Fertile Ground for Brazilian-Syrian Joint Ventures

Syrian businessmen have shown interest in forming joint ventures with Brazilian companies on the ...

Brazil’s Industry Leader Calls for Control on Chinese Imports

The president of the CNI (Confederação Nacional da Indústria – National Confederation of Industry) ...

Brazil’s Metallurgy Giant Usiminas Ships Overseas 33% of Its Production

The Usiminas metallurgy group turned 33% of its 2006 steel plate and sheet production ...

While Weaning Out of Bolivia’s Gas Brazil Considers the Middle East

Brazilian oil giant Petrobras is studying the possibility of building units for the conversion ...

What Brazil Needs Is a Few Percents More in GDP Growth

Many countries in Latin America have recently turned toward leftist populism. But most observers ...