On September 10, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Brazil. Economic performance has been better than expected, in part due to the authorities’ forceful policy response. GDP regained its pre-pandemic level in 2021Q1 and momentum continues to be favourable, supported by booming terms of trade and robust private sector credit growth.
At the final Executive Council meeting of the Legislative Assembly, elected members considered and approved recommendations concerning Illex fishing and transhipment licenses for 2022.
As expected the Brazilian central bank on Wednesday increased a whole percentage point of its basic Selic interest rate to 6,25%, the fifth in a row and the highest in two years. The Monetary Policy Committee, Copon unanimously voted for the increase in an attempt to contain inflation.
The Chilean Antarctic Institute, Inach, Germany's International Cooperation Agency, GIZ, and the Antarctica Foundation 21 have started working in energy options, assessing alternatives for the Chilean bases in the continent, avoiding CO2 emissions, such as green hydrogen.
Australia's flag carrier Qantas is planning a historic nonstop repatriation flight from Buenos Aires' Ezeiza airport across the Southern Pole aboard a Boeing 787-9 Dreamliner aircraft, it was announced.
On Wednesday 22 September, the Falkland Islands 'Executive Council, ExCo agreed on the provision of a capital grant of up to £1m and a loan facility of up to £750,000 to support the Falkland Islands Museum & National Trust (FIMNT) to progress the development and construction of the new Lookout Gallery and Exhibition Hall. The package is designed to mitigate ongoing financial pandemic pressures, including the continued absence of international tourism.