Brazil - Brazzil Mag - Brazil's Foreign Debt Jumps 8.5% to US$ 174.5 Billion
Advertisement
  Home arrow News arrow November 2006 arrow Brazil's Foreign Debt Jumps 8.5% to US$ 174.5 Billion Sunday, 29 November 2009 
Main Menu
Home
News
Back Issues
Advertising
Contact Us
Brazil Forum
Magazine
Brazzil Classic
Yellow Pages
Classifieds
Images
BrazzilMag Newsfeed
Custom Search
Amazon Body Care
-------------
Brazil /Organic personal skin care wholesale / Brazil
--------------
Who's Online
We have 225 guests online
Latest News
Statistics
Members: 494
News: 11486
Web Links: 0
User Menu
Your Details
Submit News
Check-In My Items
My Comments
Login Form





Lost Password?
No account yet? Register
Most Read
Related Items
Contribution
Have you got news?

Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com.

 
The Latest from Brazzil Magazine
Home
Brazil's Foreign Debt Jumps 8.5% to US$ 174.5 Billion PDF Print E-mail
Written by Newsroom   
Tuesday, 21 November 2006

Brazilian foreign debt totaled  US$ 174.560 billion at the end of October which represents a US$ 13.7 billion increase, 8.5%, over September reported Monday, November 20, Brazil's Central Bank.

Brazilian financial authorities said the increase can be attributed to a US$ 13.7 billion US dollars loan for a Brazilian company involved in "a direct investment overseas", but no names were made public.

Medium and long term debt in October was US$  155.189 billion compared to US$ 141.379 the previous month. Short term debt remained virtually unchanged in the range of US$ 19.5 billion.

These numbers do not include multinational corporation loans to its affiliates in Brazil which totaled US$ 22.845 billion in October.

In related news the Central Bank reported that leading companies from the private sector cut the country's growth estimate for the second month running to 2.95%. Estimates have been sliding since August peak of 3.6%. However for 2007 the forecast remains unchanged at 3.5%.

Brazilian President, Luiz Inácio Lula da Silva who was re-elected last October has promised annual growth of 5% for his second mandate of four years which begins next January.

In 2005 GDP in Brazil expanded 2.3%.

For the fourth week running private sector estimates that 2006 inflation will be above 3%, from 2.8% a few months ago. However this is in range with the government's target of 4.5%.

Mercopress

Hits: 5428
Comments (2)Add Comment
Lula Fairy Tales, populism or...Lies !
written by ch.c., November 21, 2006
For 2005 he promised 5 % + ! Results : 2,3 % ! FAILED OR LIED ?
For 2006 he promised 5 % + ! Results : 2,95 % at best ! FAILED OR LIED ?

For 2007 he promises 5 % + ! Will see if he fails or lies again, because the economists have an average estimate for 3,5 %.
Sadly enough all this poor performance was despite a reduction in interests rates !

Sadly enough again, for a second year in a row, Brazil will have the World lowest economic growth rate of all developing nations, and the second worst growth rate of ALL Latam and Caribean countries.....after Haïti....which is not even a developing country but a LDC, the poorest country in the western hemisphere !

What a pity....performance ! Nothing to be proud of....despite the idiot or liar Mantega with his still 4 % growth rate estimate for 2006 !

Fairy tales will remain Fairy tales and facts will remain facts !

But lying has been the daily life....of this government !
report abuse
vote down
vote up
Votes: +0
not even close
written by JR, November 22, 2006
For 2007 he promises 5 % + ! Will see if he fails or lies again, because the economists have an average estimate for 3,5 %.

Try 2.95% friend . . .
report abuse
vote down
vote up
Votes: +0

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy




Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Add this social bookmarking functionality to your website! title=
 
< Prev   Next >
Brazzil Magazine on Twitter


Visit Brazzil Social with Video, Music and Chat


Home
Brazzil Magazine - Since 1989 trying to understand Brazil
  • Poor Women from Northeast Brazil Learn Joy of Meeting and Helping Each Other


    Joined hands The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area.

  • Ahmadinejad's Visit: Iran, Honduras and Brazil's Hypocrisy in Dealing With Them


    Ahmadinejad and Lula The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy.

  • Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur


    Lula and Chavez On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil.

  • Denying Education is the Other AIDS. And Brazil Is Guilty of Inflicting It


    Children from a Diadema band Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms.

  • Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many


    Child labor in Brazil One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis.

  • Some Humility Would Do Lula Good. On Human Rights Brazil Has Long Way to Go


    A prison in Rio de Janeiro, Brazil On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking.

  • Brazil's Amazon Rainforest Policy Is a One-Way Road to Disaster


    Trasamazonian road in BrazilDepletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse.

  • Geisy, Brazil's Miniskirt Student, Should Try US College Next Year


    Geisy Arruda from BrazilGeisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose.

  • Vigilante Groups in Brazil Trump Drug Gangs and Become Rio's New Authority


    Brazilian favela in Rio The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj).

  • Brazil Police Use Press Coverage as Green Light to Kill and Invade Houses in Rio


    Rio police in a favela A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17.  Three policemen died and another two were injured.  This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.