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Montevideo, September 25th 2023 - 05:56 UTC

Tag: Fernando Haddad

  • Wednesday, September 20th 2023 - 09:48 UTC

    Mercosur's future at stake in Argentina's elections, Brazilian minister says

    “I don't know what will become of Mercosur if the agreement isn't closed and we have an 'exotic' election result in Argentina,” Haddad said

    Brazilian Finance Minister Fernando Haddad said in New York that he believed the future of Mercosur hinged on the outcome of this year's presidential elections in Argentina, Agencia Brasil reported. He also denounced France's attempt to delay the Mercosur-EU trade agreement from becoming effective.

  • Tuesday, August 29th 2023 - 10:02 UTC

    Brazil: Temporary tax on the super-rich enacted

    Lula's measure must be approved by Congress within 120 days or be dropped

    Brazilian President Luiz Inácio Lula da Silva Monday enacted a provisional measure (MP) providing for the collection of taxes of between 15% and 20% on exclusive funds with a single shareholder, Agência Brasil reported.

  • Tuesday, August 29th 2023 - 09:41 UTC

    New financing deal reached for trade between Argentina and Brazil

    The destiny of Argentina and Brazil are unfailingly tied, Massa told Lula and Haddad (pic)

    Argentina's Economy Minister and presidential candidate Sergio Massa Monday announced after a meeting with his Brazilian colleague Fernando Haddad and with President Luiz Inácio Lula da Silva that an agreement had been reached to finance imports worth US$ 600 million, among other achievements.

  • Thursday, August 24th 2023 - 11:01 UTC

    Brazil's Finance Minister proposes trade with Argentina in yuan

    It will be good news if Argentina agrees, Haddad said

    Brazil's Finance Minister Fernando Haddad said Wednesday in Johannesburg during the 15th BRICS Summit that Argentina might finance its foreign trade with his country by using Chinese yuan instead of US dollars, Agência Brasil reported.

  • Friday, July 21st 2023 - 10:28 UTC

    Brazil's gov't wants the “super rich” to pay income tax on funds abroad

    A worker who earns a low salary pays income tax and a millionaire does not, Haddad underlined

    Brazil's Finance Minister Fernando Haddad said the federal government was considering additional taxes to the country's largest fortunes to “correct absurd things in the tax system,” it was reported. According to the former presidential candidate, the government wants to tax the “super rich” who have offshore funds or hold their investments in exclusive funds that currently do not pay income tax.

  • Thursday, June 15th 2023 - 10:55 UTC

    Brazil: Haddad congratulates Congress and STF for better S&P ratings

    Haddad wants the Central Bank to lower the Selic interest rate

    Brazil's Finance Minister Fernando Haddad Wednesday said that the improved outlook by the risk rating agency Standard & Poor's (S&P) was due to the harmony between the branches of government, Agencia Brasil reported. In Haddad's view, National Congress and the Federal Supreme Court (STF) have an important role in the S&P's decision, but the Central Bank (BCB) needs to “join the effort” and start reducing the interest rates.

  • Monday, June 5th 2023 - 12:35 UTC

    Lula favors popular car package

    The tax waiver will be fully compensated “by the measures I took to the President of the Republic,” Haddad explained

    Brazilian President Luiz Inácio Lula da Silva is in favor of a package of measures to boost the production of a so-called popular car, according to Finance Minister Fernando Haddad, Agencia Brasil reported.

  • Friday, May 12th 2023 - 10:59 UTC

    Brazil asks US to help Argentine with IMF talks

    Haddad said he feared the far right could gain momentum in Argentina if the economic crisis is not solved promptly

    The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country.

  • Saturday, April 15th 2023 - 09:09 UTC

    China to open new opportunities for Brazil, Xi tells Lula

    “We count on China in our fight to preserve planet Earth,” Lula said about his environmental goals

    Brazilian President Luiz Inácio Lula Da Silva was offered a grand welcome by his Chinese colleague Xi Jinping as both leaders set out the guidelines for a partnership that will undoubtedly play a role in world events. China “will open new opportunities for Brazil,” Xi said.

  • Thursday, April 6th 2023 - 14:21 UTC

    Lula's administration announces orthodox fiscal goals, to help combat inflation expectations

    The fiscal framework proposed by Fernando Haddad combines a looser spending cap with primary budget targets. First reactions of markets have been positive

    The Brazilian administration of President Lula da Silva finally unveiled new fiscal rules to try and balance limits on spending growth, which have collided with promises of higher social programs, government investment, and independent central bank high-interest rates, all of which have created uncertainty about his commitment to combat inflation.