Rousseff and Mantega dispute IMF report on Brazil as 'incoherent'

Monday, October 28th 2013 - 05:33 UTC

Full article 4 comments

Brazilian President Dilma Rousseff responded to the International Monetary Fund concern over the country's fiscal situation, saying Brazil was fulfilling its responsibilities. IMF claimed that Brazil's competitiveness had eroded in recent months and downgraded the country's growth forecast from 4.25% to 3.5%. Read full article

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Anglotino
Of course it is the ”MF report that is incoherent and probably compiled by technical personnel not very familiar with Brazil.

And not Brazil's economic policy that is incoherent and carried out by technical personnel not very familiar with economics.
Oct 28th, 2013 - 06:59 am - Link - Report abuse 0
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Conqueror
To be scrupulously fair, the IMF recently had to admit that its views on the British economy were wrong!

However, there's one bit that should be of concern. It's the references to “methodologies”. Why would the IMF use a different methodology to Brazil? Why would Brazil use a different methodology to the IMF? 2+3 = 5. 3+2 =5. Shouldn't any correct methodology give the same answer?
Oct 28th, 2013 - 10:45 am - Link - Report abuse 0
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ChrisR
Of course Dilma would argue that the IMF is wrong, she is advised by the liar Mantega and will not replace him.

Too bad that Brazil has an incoherent economy but nothing will change until Mantega is replaced, preferably by the person who left a few months ago citing poor decision making by the Liar himself.

I have been predicting this would come for more than six months. Unless things change in the Finance Ministry it will only get worse, and soon.
Oct 28th, 2013 - 11:32 am - Link - Report abuse 0
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BritInBrazil
“Finance Minister Guido Mantega also criticized the IMF report as incoherent and probably compiled by technical personnel not very familiar with Brazil's measures.”

“The minister said he hadn't fully read the latest IMF report...”

Mantega should ensure he knows what the IMF report says before criticising it and its authors.
Oct 28th, 2013 - 11:40 am - Link - Report abuse 0
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