Economy

Saturday, December 24th 2022 - 10:06 UTC
BB, World Bank team up to finance greener economy in Brazil

The World Bank's Board of Directors Friday approved a US$ 500 million financing project for actions in Brazil linked to sustainability and the carbon credit market. The project was approved today (23), in Washington, by the World Bank Board of Directors. Joining the initiative to create a one-stop shop is Banco do Brasil (BB).
Friday, December 23rd 2022 - 18:21 UTC
Argentina's Central Bank reserves up after IMF disbursements

Argentina's Central Bank (BCRA) reserves went up this week after the International Monetary Fund (IMF) agreed to disburse nearly US$ 6 billion following a successful review of the South American country's third-quarter targets. Thus, the BCRA reserves went up from US$ 39.052 billion to US$ 43.263 billion in the last 24 hours.
Friday, December 23rd 2022 - 14:15 UTC
Brazil's trade surplus in 2023 expected to reach US$ 72 billion

Despite the global economic slowdown, the Brazilian Foreign Trade Association, AEB, indicated that the largest economy in South America is projected to have a higher trade surplus in 2023. Next year's positive result is expected to reach US$ 71,9 billion, which would be 14,3% higher than the US$ 62,9 billion this year.
Friday, December 23rd 2022 - 14:11 UTC
UK economy contracts more than expected in the third quarter

The UK economy heading for recession, contracted more than expected in the third quarter with GDP falling 0.3% against an estimated 0.2%, according to the Office for National Statistics.
Thursday, December 22nd 2022 - 10:12 UTC
Indec reports Argentina's unemployment in 3Q at 7.1%

Unemployment in Argentina in the third quarter of 2022 was 7.1%, according to a National Institute of Statistics and Census (Indec) report released Wednesday.
Wednesday, December 21st 2022 - 09:48 UTC
Chile and EU agree on a new trade association which eliminates most tariffs and promotes investment

The European Union and Chile reached an understanding to modernize their successful twenty years old trade association agreement, which is part of the EU strategy to diversify its suppliers of critical commodities for the green transition and at the same time cut its dependence from China.
Tuesday, December 20th 2022 - 20:09 UTC
Uruguay's economy growing above global pace, Lacalle says

Uruguayan President Luis Lacalle Pou said that while the world's economy would grow by 2.9%, that of his country would do so by over 5% by the end of 2022.
Tuesday, December 20th 2022 - 08:44 UTC
New banknotes depicting King Charles III unveiled

The Bank of England has released specimens of the new bills portraying King Charles III instead of his mother, the late Queen Elizabeth II, which are due to enter circulation in mid-2024.
Tuesday, December 20th 2022 - 08:21 UTC
Port of Santos privatization process frozen on request from the Brazilian Audits Court

Three ministers from Brazil's Federal Court of Audits TCU asked last Friday for a reassessment of the privatization process of the Port of Santos administration. The issue should be put back into the discussion in 45 days. The rapporteur, Minister Bruno Dantas, suggested giving preference to the privatization of smaller ports before addressing Santos.
Monday, December 19th 2022 - 19:09 UTC
Slight adjustment to Brazil's inflation projection for 2022

Brazil's National Wide Consumer Price Index (IPCA) is now expected to have grown 5.76% by the end of the year, a marginal drop from the 5.79% projected in the previous Focus Bulletin weekly report by South America's largest country's Central Bank.