Tag: Paulo Guedes

• Tuesday, March 29th 2022 - 09:21 UTC

  Brazil still committed to joining OECD, Minister Guedes tells the group

  

  Brazil's Economy Minister Paulo Guedes Monday reaffirmed in Paris his country's commitments to the guidelines of the Organization for Economic Cooperation and Development (OECD).

• Tuesday, February 15th 2022 - 09:22 UTC

  UK/Brazil clash over an Expanded Trade Partnership; beef and other meats the stumbling barrier

  

  Brazil has been reluctant to take forward negotiations for an Expanded Trade Partnership, ETP, with the UK since Brasilia claims that the terms offered were disappointing, and unbalanced since they only contemplated the interests of Britain, “ignoring Brazil's demand to increase its exports to the UK”.

• Wednesday, February 2nd 2022 - 09:19 UTC

  Brazil: Guedes favors tax cuts to keep fuel affordable

  

  Brazil's Economy Minister Paulo Guedes Tuesday said it was “easier to eradicate poverty than to make gasoline cheaper.” He also raised the possibility of cutting diesel taxes but was against creating a buffer fund.

• Monday, January 24th 2022 - 09:23 UTC

  Global Inflation: Brazil's Guedes and Europe's Lagarde have opposing positions

  

  Brazilian economy minister Paulo Guedes said that inflation will become a long-term challenge for Western countries, since “the beast is already out of the bottle”, and central bankers have been caught “sleeping at the driving wheel”.

• 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.