Tag: Paulo Guedes

• Thursday, October 22nd 2020 - 09:04 UTC

  US Export-Import bank signs deal to finance US$ 1 billion in trade with Brazil

  

  Brazil and the United States signed a memorandum of understanding to forge closer trade links, a step that could see U.S. Export-Import Bank finance up to US$1 billion of exports to and projects in the Latin American nation.

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• Wednesday, October 7th 2020 - 09:40 UTC

  Brazilian economy minister and Lower House speaker agree to push reform agenda and social program

  

  Brazil’s Economy Minister Paulo Guedes and the powerful lower house Speaker Rodrigo Maia announced a truce after more than a month of bickering over reforms and how to tackle a widening fiscal deficit. Local markets rallied.

• Wednesday, August 26th 2020 - 09:45 UTC

  Brazilian central bank chief and Economy minister, “are fully aligned”

  

  Brazilian central bank president Roberto Campos Neto said he has not been sounded out about replacing Economy Minister Paulo Guedes when he eventually leaves his post, and said the whole notion is a “non-issue.”

• Wednesday, August 19th 2020 - 09:19 UTC

  Despite rumors, Brazilian economy minister has no intention of resigning

  

  Brazil’s Economy Minister Paulo Guedes has no intention of resigning according to reports in the Sao Paulo media, in an attempt to quash rising speculation that political pressure for more public spending could force him to quit.

• Tuesday, August 18th 2020 - 08:57 UTC

  “Stampede” at Brazil's Economy ministry, another top official resigns

  

  Brazil's Undersecretary for Macroeconomic Policy Vladimir Kuhl Teles has resigned, according to an announcement in the Official Gazette on Monday, the latest in a string of resignations from the economy ministry.

• Thursday, August 13th 2020 - 07:36 UTC

  Brazilian Executive and Legislative reaffirm economic reforms' commitment

  

  A series of high-profile resignations from Brazil’s economic team have left Economy Minister Paulo Guedes shaken but committed to keep pushing for reforms in the government. The losses are also the most visible sign yet that Guedes’ ambitious economic agenda is suffering a downgrade in size and scope, although his austerity drive received a crucial backing from President Jair Bolsonaro and congressional leaders.

• Thursday, August 13th 2020 - 06:44 UTC

  Record debt in Brazil, but only 3% is in foreign currency and government trusts rock bottom rates global

  

  Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rock-bottom interest rates and low foreign debt mean the government can continue to spend its way out of recession.

• Friday, May 15th 2020 - 08:52 UTC

  Brazil lowers economic outlook to minus 4,7% in 2020; pre crisis recovery level will be reached in 2022

  

  Brazil’s government lowered its 2020 economic outlook, forecasting a gross domestic product contraction of 4.7%, which would signal the country’s biggest economic crash in more than a century.

• Friday, May 8th 2020 - 09:16 UTC

  Brazilian government anticipates food shortages and social disorder because of the lockdowns

  

  Brazil could face “economic collapse” in a month's time due to stay-at-home measures to stem the coronavirus outbreak, with food shortages and “social disorder,” Economy Minister Paulo Guedes warned on Thursday.

• Thursday, May 7th 2020 - 07:47 UTC

  Brazil expects exports to China to help mitigate the contraction of the country's economy

  

  Brazilian Economy Minister Paulo Guedes said that according to initial estimates, the country's economy would shrink 6% as a result of the recession caused by the new coronavirus pandemic, but now, thanks to the increase in exports to China, expectations are of a retraction of only 4% this year.