Today: September 21, 2024
Today: September 21, 2024

Latest From Marcela Ayres

Economy|Environment|Finance

Climate finance from multilateral banks up to $125 billion in 2023

Global climate finance from multilateral development banks grew by 25% in 2023 to a record $125 billion, according to a report on Friday, with the fastest growth

Climate finance from multilateral banks up to $125 billion in 2023
Americas|Economy|Finance

Brazil central bank raises rates by 25 bp, first hike in two years

Brazil's central bank kicked off an interest rate-hiking cycle on Wednesday with a 25 basis-point increase, as expected, and signaled more increases ahead to

Brazil central bank raises rates by 25 bp, first hike in two years
Environment|News

Brazil's Supreme Court endorses drought and wildfire spending, without hitting fiscal target

Brazil’s Supreme Court on Sunday authorized the government to exempt spending on wildfires and droughts in the Amazon and Pantanal regions from this year’s fiscal

Brazil's Supreme Court endorses drought and wildfire spending, without hitting fiscal target
Business|Economy|Finance

Brazil's central bank says forgotten bank funds can't help meet fiscal target

Brazil's central bank said that forgotten funds held by financial institutions could not be classified as primary revenue, marking a setback for the government's

Brazil's central bank says forgotten bank funds can't help meet fiscal target
Business|Economy|Finance

Brazil economists see rate hike amid stronger growth, ending 11-week stability streak

Brazilian economists surveyed weekly by the central bank have aligned their expectations with future interest rate pricing, now anticipating a rate hike at this

Economy|Finance

Brazil's public debt linked to interest rates and FX poised to surpass half of total debt in 2024

Brazil's government expects public debt linked to interest and foreign exchange rates to surpass half of the total debt this year, a level last seen in October

Brazil's public debt linked to interest rates and FX poised to surpass half of total debt in 2024
Americas|Business|Economy

Galipolo, picked to run Brazil's central bank, is heterodox economist

Gabriel Galipolo, picked to be the next head of Brazil's central bank, is a 42-year-old economist who has not always expressed mainstream orthodox economic views.

Galipolo, picked to run Brazil's central bank, is heterodox economist
Business|Economy|Finance

Brazil's Lula to nominate Galipolo as central bank chief, says finance minister

Brazil's President Luiz Inacio Lula da Silva has picked central bank monetary policy director Gabriel Galipolo to be the institution's next governor,

Brazil's Lula to nominate Galipolo as central bank chief, says finance minister
Business|Economy|Finance

Brazil's central bank is not cornered into raising interest rates, says director Galipolo

Brazil's central bank director of monetary policy Gabriel Galipolo disagrees with those who interpret his recent statements as suggesting the central bank is cornered into

Brazil's central bank is not cornered into raising interest rates, says director Galipolo
Americas|Economy|Finance

Brazil's central bank focused on reducing risk premium linked to monetary policy uncertainty

Brazil's central bank is committed to lowering the risk premium associated with uncertainties surrounding monetary policy, its head Roberto Campos Neto said on

Economy|Europe

Moderating inflation opens door for another ECB rate cut, says Spanish minister

An easing of inflation data is opening the door to another rate cut by the European Central Bank, Spanish Economy Minister Carlos Cuerpo said in an

Moderating inflation opens door for another ECB rate cut, says Spanish minister
Americas|Economy|World

Brazil's Lula kicks off global effort to end hunger and poverty

Brazilian President Luiz Inacio Lula da Silva kicked off a global effort on Wednesday to end hunger and extreme poverty, aiming to make it a hallmark of

Brazil's Lula kicks off global effort to end hunger and poverty
Americas|Business|Economy|Finance

IDB and Brazil's public banks to launch Amazon ETF, say sources

The Inter-American Development Bank (IDB) and Brazil's public banks will announce on Thursday the development of an exchange-traded fund (ETF) focused on

IDB and Brazil's public banks to launch Amazon ETF, say sources
Business|Economy

Brazil government pushes central bank to handle rural insurance, say sources

Brazil's government has suggested that the central bank should cover the costs of a rural insurance program, two sources said on Tuesday, which may delay a

Brazil government pushes central bank to handle rural insurance, say sources
Economy|Political|World

Tax the super-rich, ex-leaders tell G20

Former presidents and prime ministers have sent an open letter to current leaders of the world's 20 largest economies urging support for a global tax on

Tax the super-rich, ex-leaders tell G20
Economy|Political

Brazil senate committee postpones vote on central bank financial autonomy

Brazil's Senate Constitution and Justice Committee postponed for a week voting on a constitutional amendment proposal granting the central bank financial autonomy,

Brazil senate committee postpones vote on central bank financial autonomy
Economy|News|Political

Bank of Mexico deputy governor sees rates on hold for longer than expected

Bank of Mexico Deputy Governor Jonathan Heath said on Friday the benchmark interest rate is likely to remain unchanged for longer than expected by markets,

Economy|News|Political

Angola's central bank governor forecasts FX stability amid inflation concerns

Angola's central bank sees relative stability for the country's kwanza currency this year, Governor Manuel Tiago Dias said on Saturday, cautioning that the

Business|Economy|Technology

Brazil's tax authority to summon foreign crypto exchanges for information

Brazil's tax authority will soon call foreign crypto exchanges not based in the country to explain their operations and how they cooperate with local service

Brazil's tax authority to summon foreign crypto exchanges for information
Economy|News|Political

Taxing super-rich debate should start with 2% levy, says economist behind plan

An annual 2% levy on fortunes exceeding $1 billion is the starting point for a global discussion on raising the burden on under-taxed billionaires, French

Taxing super-rich debate should start with 2% levy, says economist behind plan
Economy|Political

Brazil's Haddad seeks swift consensus with Senate on tax benefits compensation

Brazil's finance minister said on Thursday the government aims to swiftly reach a consensus with the Senate to compensate tax benefits after a setback on a

Brazil's Haddad seeks swift consensus with Senate on tax benefits compensation
Business|Economy

Brazil economy rebounds to start year, but flood impacts unclear

Brazil's economy rebounded in the first quarter from a sluggish second half of 2023 on stronger investments and consumer demand, official figures showed on Tuesday

Brazil economy rebounds to start year, but flood impacts unclear
Economy

IDB eyes joint goals statement with multilateral banks on Saturday

The Inter-American Development Bank plans to release a statement on Saturday with joint goals of multilateral development banks that is expected to entail

IDB eyes joint goals statement with multilateral banks on Saturday
Economy|News|Political

Analysis-Brazil central bank chief irks finance ministry team on his way out

An outspoken couple weeks for Brazil's central bank chief, including criticism of budget policy and comments scrapping monetary policy guidance, have soured

Analysis-Brazil central bank chief irks finance ministry team on his way out
Economy|Environment|News

Brazil's central bank chief says no mechanical relationship between uncertainties and policy

Brazil's central bank chief said on Friday that the environment of greater uncertainties does not have a mechanical relationship with the conduct of monetary

Brazil's central bank chief says no mechanical relationship between uncertainties and policy

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