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MercoPress, en Español

Montevideo, April 3rd 2025 - 03:25 UTC

Tag: Fernando Haddad

  • 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.

  • Wednesday, February 8th 2023 - 17:25 UTC

    Brazilian minister denies single currency: no death sentence for the Real

    Haddad, who floated such a possibility in an article last year, said removing trade barriers could involve using a single currency for commerce

    Argentina and Brazil are looking at ways to stimulate bilateral trade and investments but not eliminate their own currencies, according to Brazilian Finance Minister Fernando Haddad, who played down the idea of a single shared currency between the two Mercosur partners.

  • Thursday, January 19th 2023 - 09:59 UTC

    IMF and IDB willing to help Brazil manage spending cap

    Economists, scholars, and specialists will be summoned to give their opinion about this, Haddad said

    Brazil's Economy Minister Fernando Haddad said Tuesday after a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva that the agency was willing to help South America's largest country handle its fiscal situation, Agencia Brasil reported.

  • Saturday, January 14th 2023 - 10:28 UTC

    Brazilian Finance and Environment ministers will attend the Davos Forum

    Fernando Haddad and Marina Silva will make the round of bilateral contacts to ensure Economy and Environment in Brazil are working together

    Brazil's Minister of Finance Fernando Haddad and the Minister of Environment Marina Silva will be the official representatives to the World Economic Forum, (WEF) scheduled for January 16/20 in Davos, Switzerland and the message from the delegation to global investors is that the weekend's turmoil “belongs to the past and Brazil is ready to play its important role in international politics”.

  • Wednesday, December 28th 2022 - 08:38 UTC

    Tebet to head Brazil's future Planning Ministry

    It was reported that Senator Tebet would have preferred Social Development or Environment

    Former Presidential candidate and Senator Simone Tebet, who endorsed Luiz Inácio Lula da Silva in the Oct. 30 runoff against the incumbent Jair Bolsonaro, has reportedly accepted to become Brazil's next Planning Ministry, according to press reports published Tuesday in Brasilia. The official announcement is to be made Wednesday.

  • Tuesday, May 3rd 2022 - 14:54 UTC

    Lula's advisors insist on unified currency for Latin America

    Galípolo and Haddad described the project in an article published by Folha de Sao Paulo

    Former Brazilian President Luiz Inácio Lula Da Silva and his economic team would push for a unified regional currency like the Euro to end South America's inclination to the US dollar should he win the Oct. 2 elections over the incumbent Jair Bolsonaro, it was reported Monday.

  • Wednesday, June 26th 2019 - 09:17 UTC

    Relief for Facebook legal problems in Brazil: fine reduced to US$ 5 million

    The decision overturned a fine of around 2.035 billion reais (US$ 528 million) imposed in June 2017, deemed disproportionate by the federal appeals court

    Facebook Inc’s fine for withholding WhatsApp messages from a drug-trafficking investigation in Brazil should be reduced to 23 million reais (US$ 5 million), a Brazilian federal appeals court ruled on Tuesday.