Brazil

• Monday, November 21st 2022 - 10:44 UTC

  Goldfajn chosen new IDB boss

  

  Brazil's Ilan Goldfajn was elected Sunday as the new head of the Interamerican Development Bank (BID), it was reported in Washington DC.

• Monday, November 21st 2022 - 10:13 UTC

  Brazilian 2022 exports of soybean estimated to reach 78 million tons, and corn some 40 million tons

  

  Brazil’s soybean exports are expected to reach 78 million tons this year, 9.3% down from 86.3 million tons in 2021, according to the grain exporters’ association Anec. But the figure is 2.5 million tons higher than the previous 75.5 million tons estimate for full-year soybean shipments.

• Monday, November 21st 2022 - 09:33 UTC

  Brazil a leading power in digitalization of public services, World Bank says

  

  A World Bank study released Sunday in Brasilia showed the largest South American country was second globally among 198 economies in the digitalization of public service structures.

• Saturday, November 19th 2022 - 10:06 UTC

  Economy Minister says Brazil's spending cap poorly constructed

  

  Brazil's Economy Minister Paulo Guedes Friday admitted the spending ceiling needed to be pierced because it was poorly constructed, but he insisted that the federal spending cap remains a necessary tool to ensure the stability of public accounts.

• Saturday, November 19th 2022 - 07:19 UTC

  Lula back steps and admits that fiscal and social responsibility, go hand in hand

  

  After having clashed with the baking and financial sectors of Brazil, which had an immediate effect on the currency, interest rates and the stock market, president-elect Lula da Silva said on Friday he was prepared to be fiscally responsible with government spending.

• Friday, November 18th 2022 - 09:22 UTC

  Lula to enforce international climate-related agreements

  

  Brazil's President-elect Luiz Inácio Lula da Silva Thursday pledged to enforce the international climate-related agreements once he takes office on Jan. 1 while advocating for global governance regarding these matters.

• Friday, November 18th 2022 - 09:17 UTC

  Inflation projections in Brazil lowered yet again

  

  Brazil's Economy Ministry Thursday released its Macrofiscal Bulletin, which showed that inflation for the year 2022 is projected to amount to 5.85%, an improvement from the previous 6.3% forecast.

• Thursday, November 17th 2022 - 19:14 UTC

  Important progress ahead under Lula, Argentine Ambassador foresees

  

  Former Vice President and current Argentina's Ambassador to Brazil Daniel Scioli said this week that once President-elect Luiz Inácio Lula Da Silva takes office on Jan. 1 there will be “very important advances” in bilateral relations.

• Thursday, November 17th 2022 - 19:09 UTC

  Unemployment drops in Brazil

  

  According to the Quarterly Continuous National Household Sample Survey (PNAD) released Thursday by Brazil's Institute of Geography and Statistics (IBGE), the unemployment rate in the third quarter of this year went down from 9.3% to 8.7% overall from the previous quarter, thanks to drops in six states: Paraná (-0.8 %), Minas Gerais (-0.9 %), Maranhão (-1.1%), Acre (-1.8%), Ceará (-1.8%) and Rondônia (-1.9%).

• Thursday, November 17th 2022 - 10:29 UTC

  Brazil's largest port privatization clears the decisive Audits Court

  

  The privatization of Brazil's largest and busiest sea terminal, the Port of Santos clears another barrier. In effect the final report released by the Brazilian federal court of audits TCU did not express major reservations over the privatization process.