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MercoPress, en Español

Montevideo, January 18th 2025 - 10:11 UTC

Tag: Fernando Haddad

  • 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.

  • Thursday, March 23rd 2023 - 10:14 UTC

    Brazil: Minister Haddad not happy about Selic rate remaining unchanged

    According to Haddad, Brazil's situation is different from that of the main international economies

    Brazil's Finance Minister Fernando Haddad found the Monetary Policy Committee (Copom)'s decision to leave the basic Selic interest rate unchanged at 13.75% per year “very worrisome,” particularly because new increases were not ruled out for the near future, Agencia Brasil reported.

  • Wednesday, March 22nd 2023 - 10:35 UTC

    Lula insists in criticizing central bank autonomy: current rate of 13,75% is “irresponsible”

    Lula has repeatedly argued that the central bank autonomy as “nonsense”. “What I want to know is the result of the high rate”

    Brazilian President Luiz Inacio Lula da Silva criticized on Tuesday the country's central bank, saying that an interest rate of 13.75% - its current level - is “irresponsible,” adding he will continue to fight the current level to stimulate the economy.

  • Monday, February 20th 2023 - 10:13 UTC

    Brazil's Finance Minister to discuss climate change one-on-one

    Haddad believes Brazil can again play an important role in the current world scenario

    As he prepares to leave for Bangalore, India, this week to attend a G20 conference of economy ministers ahead of the summit of heads of government and state, Brazil's Fernando Haddad insisted that the largest South American country intends to be active again in the solution of global crises, Agencia Brasil reported. The Finance Minister also said he believed socio-environmental sustainability should be a topic in all his bilateral meetings.