Tag: Joaquim Levy

• Saturday, May 16th 2015 - 07:46 UTC

  Levy tries to convince investors in London that Brazil slowdown is temporary

  

  Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.

• Thursday, May 14th 2015 - 07:30 UTC

  Brazil's austerity measures to balance the budget start moving in Congress

  

  Brazil's Congress Lower House passed a bill on Wednesday toughening access to social security pensions, the second measure approved in a week to cut benefits in a drive to reduce a growing fiscal deficit.

• Monday, April 20th 2015 - 06:51 UTC

  Brazil tells IMF it's working with Congress to restore fiscal balance and structural change

  

  Brazil is working with Congress on a broad agenda of structural changes to improve the business climate, increase productivity and set price signals correctly to stimulate investment, announced Finance minister Joaquim Levy in his speech to the International Monetary and Financial Committee (IMFC) this weekend.

• Thursday, April 2nd 2015 - 07:27 UTC

  Rousseff “we will do whatever it takes to meet 2015 fiscal target”

  

  Brazil's government will do whatever it takes to meet its 2015 fiscal target, President Dilma Rousseff said on Tuesday in an interview with Bloomberg News.

• Friday, March 27th 2015 - 08:36 UTC

  Another major corruption scandal hits Brazil, this time fraud at the tax office

  

  Brazilian authorities on Thursday said they uncovered a tax fraud scheme at the Finance Ministry's tax appeals board that may have cost taxpayers up to 19 billion Reais (5.96 billion dollars).

• Friday, March 13th 2015 - 12:03 UTC

  Brazil's Levy says austerity measures are more important than a weak currency

  

  Brazil's economic growth depends more on the approval of austerity measures needed to rebuild investor confidence than on a weaker currency, Finance Minister Joaquim Levy told O Globo newspaper.

• Wednesday, March 4th 2015 - 06:14 UTC

  Brazil's currency at its weakest since September 2004...and sliding

  

  The Brazilian Real reached on Tuesday its weakest level against the dollar in more than 10 years, amid concern the country’s political and economic situation is growing worse.

• Tuesday, February 24th 2015 - 04:46 UTC

  Brazil expects to bolster growth with fiscal discipline starting 2016

  

  Brazil needs to act quickly to stabilize its finances and get rid of measures used to stimulate growth during the global downturn in order to bolster expansion in 2016, Finance Minister Joaquim Levy said on Monday.

• Thursday, February 19th 2015 - 05:23 UTC

  Levy tells US investors Brazil is on track to correct the fiscal slippage

  

  The government of President Dilma Rousseff is working to meet its primary budget surplus goal of 1.2% of GDP in 2015, pledged Finance minister Joaquim Levy on Wednesday to an audience of investors in New York.

• Thursday, February 12th 2015 - 05:45 UTC

  Petrobras has trouble finding an independent chairman of the board

  

  Petrobras plans to publish its delayed audited fourth-quarter results by the end of March, something it needs to do to avoid possible early repayment of its bonds, the Globo newspaper said on Wednesday. Globo also published that the Brazilian government was considering appointing Planning minister Nelson Barbosa as chairman of the oil giant.