RIO DE JANEIRO, BRAZIL - The International Monetary Fund (IMF) reiterated on Wednesday that Brazil should maintain support for the economy during this critical phase of the covid-19 pandemic, but without disrespecting the spending cap, a fiscal policy that the entity considers important for the country to preserve advances in economic fundamentals achieved in the last 20 years.
The recommendation was made by the director of the IMF's Fiscal Affairs Department, Vitor Gaspar, at a press conference to present the conclusions of the Fiscal Monitor report, released on Wednesday. In the document, the entity estimated that Brazil's gross . . .