Tag: Paulo Guedes

Thursday, December 2nd 2021 - 09:55 UTC
Guedes insists in privatizing Petrobras, since the world is heading for “a green and digital economy”

Brazilian economy minister Paulo Guedes underlined on Wednesday that the announced privatization plan of the government (some 100 companies) must include oil giant Petrobras because the “future is green” and in not so many years time the value of crude will be zero.
Saturday, November 6th 2021 - 09:59 UTC
Brazil cuts down import tariffs to fight growing inflation

In a move aimed at curbing inflation, Brazil Friday announced a 10% reduction of import tariffs on 87% of goods and services until December 31, 2022. Economy Minister Paulo Guedes now expects the other Mercosur countries to do the same.
Saturday, October 23rd 2021 - 09:55 UTC
Brazilian financial markets get shaky after Bolsonaro insists on increasing social spending

Brazil's President Jair Bolsonaro Friday insisted he would not take any adventurous steps as he expressed his full support for Economy Minister Paulo Guedes amidst a rocking financial market.
Saturday, October 23rd 2021 - 09:34 UTC
Brazil's Guedes pushing for higher interest rates to contain inflation

Brazilian orthodox Economy minister Paulo Guedes has not resigned and has no intention of resigning despite the fact he will have to live with the exceptional expenditure of some 45bn Reais, as part of the Auxilio Brazil support program for vulnerable families and president Jair Bolsonaro's 2022 reelection plan.
Friday, October 22nd 2021 - 09:44 UTC
Brazil's Economy Minister shakes markets with unexpected announcement

Economy Minister Paulo Guedes' announcements Thursday shook Brazilian markets after the official admitted he might not meet the public spending ceiling.
Wednesday, October 20th 2021 - 09:25 UTC
Brazilian markets plummet on new money support program that ignores budget expenditure cap

Contrary to optimism in world markets, shares in Brazil dropped 3,28% on average following news of a new “Brazil Auxilio” program intended to give monetary support to some 17 million families described as vulnerable or suffering the consequences of Covid-19. But to achieve this the budget cap on expenditure must be violated or hidden behind some accounting cosmetics.
Friday, October 15th 2021 - 01:27 UTC
Bolsonaro now wants Petrobras privatized

Brazil's President Jair Bolsonaro Thursday hinted he might put the national oil company Petrobras up for sale after being criticized for an increase in the price of fuel. During the 2018 presidential campaign, the retired Army Captain said he would only privatize it “if there was no other solution.”
Wednesday, October 13th 2021 - 09:05 UTC
Guedes dismisses IMF estimates for Brazil's growth this year and 2022

Brazil's orthodox Economy minister Paulo Guedes anticipated that the multilateral institutions such as the IMF, once again are going to err their forecasts on the Brazilian economy growth. The comment follows on the IMF release stating that the Brazilian economy is estimated to grow 5,2% this year and 1,5% in 2022, below the government's forecasts.
Monday, October 11th 2021 - 09:52 UTC
Argentine FM hold a successful meeting with Brazil's Economy Minister as part of his mission rebuilding Mercosur ties

Argentine Foreign Minister Santiago Cafiero, Ambassador Daniel Scioli and Productive Development Minister Matías Kulfas Saturday met in Brasilia with Brazilian Economy Minister Paulo Guedes to deepen the new economic ties between the two countries
Wednesday, October 6th 2021 - 22:33 UTC
Brazilian officials mentioned in Pandora Papers under investigation for possible tax evasion

Brazil's Economy Minister Paulo Guedes, one of the world leaders mentioned by name in the so-called Pandora Papers report released by the International Consortium of Investigative Journalists (ICIJ) admitted he had placed some of his money in offshore accounts, but “always within the law.”