Tag Archives: IMF

Why Rousseff’s Minister of Finance comes from her opponent’s team?

Joaquim Levy, Brazil’s new Minister of Finance was not long ago working for Aecio Neves, Dilma Rousseff’s rival in the presidential elections. Neves commented Levy’s nomination by saying that “it is the same as nominating a CIA agent to run the KGB”. Why on earth would president Rousseff appoint him Minister of Finance? Journalist Miriam LeitãoContinue reading “Why Rousseff’s Minister of Finance comes from her opponent’s team?”

IMF predicts Brazilian GDP will grow only 0.3% in 2014

For the sixth time in a row, the International Monetary Fund cuts down its forecast for 2014 economic growth in Brazil. In July IMF projected an expansion of 1.3%, now it expects only  0.3%. This figure, if  confirmed, will be the second worst GDP result since 1998. The poor performance for this year will only be betterContinue reading “IMF predicts Brazilian GDP will grow only 0.3% in 2014”

France wants Brazil support for Lafarge nomination in IMF

French Finance Minister Christine Lagarde is in Brazil today as part of an effort to broaden support in developing countries for her candidacy to head the International Monetary Fund. Brazil was the first emerging- market country to invite her after she announced her candidacy. She also plans to visit China, India and countries in Africa and the Middle East,Continue reading “France wants Brazil support for Lafarge nomination in IMF”

Now Everyone Wants to be the “Fifth BRIC”

Last year in a Special Report on Indonesia, The Economist quotes certain investment bank research arguing that Indonesia may be the “fifth BRIC” (BRIIC?). Now, in the latest edition, The Economist notes a source saying that Africa should be the “fifth BRIC.” This little trend should indicate the increase in status of the four BRICContinue reading “Now Everyone Wants to be the “Fifth BRIC””

Will Tightening cause a multi-speed recovery?

This article raises an interesting question: If monetary tightening starts in the US, will the US stock market drop while emerging markets continue upwards in a “multi-speed” recovery? The outlook for the world economy Curb your enthusiasm Apr 22nd 2010 From The Economist print edition A welcome recovery—but an uneven one, with dangers both forContinue reading “Will Tightening cause a multi-speed recovery?”