Brazil

Brazil's Meirelles wants sustained growth

In comments to Reuters published Wednesday 2 May, the president of Brazil's central bank has described the country's economic ambitions, saying investors must continue to be attracted to the country and emphasising the need for sustained growth.

IMF struggles to find a role on the global stage

According to this article from The Times, published Tuesday 10 April, both the IMF and the G7 are becoming outdated and toothless bodies as the world economic landscape is transformed by the rise of China, India and Brazil.

Brazil plans to attract China's foreign reserves

The Brazilian government plans to tell the Chinese authorities that it is interested in attracting a share of China's foreign reserves, Brazilian financial newspaper, Valor Economico reported Wednesday 14 March.

Brazil's fin min says Bevilaqua's exit was routine

The resignation of Brazilian central bank economic policy director Afonso Bevilaqua represented a routine change that won't alter the direction of policy at the institution, Finance Minister Guido Mantega said on Friday 2 March.

Brazil's central bank econ director resigns

Brazilian central bank economic policy director Afonso Bevilaqua resigned Thursday 1 March citing "personal reasons" and an interest in "pursuing new projects," the central bank said in a statement.

IMF's Rato on the Japanese economy

In a speech given on 26 February Rodrigo de Rato of the IMF said warned policymakers and investors about increasing growth in yen carry trades and urged Japan to make clear that deflationary pressures are being rooted out.

Meirelles says China volatility serves as alert

Market volatility in Brazil and abroad seen today, Tuesday 27 February, as a result of a strong selloff in China may serve as an alert for greater caution on the part of central banks in monetary policy decisions, Brazilian central bank president…

Brazil will add reserves while liquidity high

Brazil's policy of increasing foreign reserves should continue as long as global imbalances support a steady flow of dollars into the country, central bank director Paulo Vieira da Cunha told analysts in New York.

Brazil's fin min says central bank chief staying

Brazil's central bank president Henrique Meirelles will remain in the job even though he has been criticised by some members of the government for his conservative stance, finance minister Guido Mantega told reporters on Wednesday 7 February.

Meirelles says Brazil must be tough on inflation

Brazil's central bank president Henrique Meirelles said in a newspaper interview on Wednesday 1 November that Brazil's constant vigilance against inflation in recent years was a key factor in helping President Luiz Inacio Lula da Silva get re-elected.

IMF members approve voting reform plan

The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.

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