Tags Finance Minister

Tag: Finance Minister

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former finance minister of Brazil, Guido Mantega said on Thursday that the statements made by former CEO Marcelo Odebrecht that the Rousseff-Temer ticket received illicit campaign contributions were a ‘piece...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Yesterday (January 26th) the state of Rio de Janeiro signed a term of commitment to receive financial relief from the federal government. To remedy a deficit that should reach R$26,132...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - On Monday January 16th, the International Monetary Fund (IMF) announced that it had reduced its forecast of Brazilian GDP growth from 1.5 percent to 0.2 percent in 2017. The estimate is...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Wednesday saw the U.S. dollar fell below the R$4.00/US$1 level to its lowest rate of the year in relation to the Brazilian real and the country’s main stock market rise,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The economic team in Brazil announced on Monday measures that they say will help reduce the expected deficit for 2016 and allow them to reach their goal of a surplus...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After weeks of speculations, the new economic team to lead Dilma Rousseff’s administration in its second term was announced on Thursday: Joaquim Levy will take over as Brazil’s new Finance...
By Lise Alves, Senior Contributing Report SÃO PAULO, BRAZIL – The finance minister for Brazil, Guido Mantega, stated on Thursday that the impacts of Argentina’s latest financial woes on the Brazilian economy are likely to be almost null. Argentina is...
By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian Ministry of Finance has announced that they will cut R$44 billion (US$18.5 billion) from the 2014 budget in a strategy meant to regain market confidence through a tighter...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian Finance Minister Guido Mantega is set to defend the use of unconventional monetary policies by emerging economies, including Brazil, to counteract the damaging effects of the global economic...
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – The 2012 growth forecast for the Brazilian economy has been cut for the third consecutive week by market analysts, falling dramatically from the previous estimate of 1.5 percent to just 1.27...
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