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India

Marcela Ayres

Brazil's government backs new basic income payments to poor

29 Sep 2020

BRASILIA Brazil's government on Monday detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country's spending cap and fiscal rules.

Brazil's rates curve a 'warning' spending must be tamed: treasury secretary

22 Sep 2020

BRASILIA Brazil's recent market volatility and a surge in borrowing costs are a "warning" that the government must rein in spending and get back on a more stable fiscal footing, the country's top treasury official told Reuters.

Brazil administrative reform to generate at least $57 billion savings over 10 years, economy minister says

09 Sep 2020

BRASILIA The Brazilian government's administrative reform proposals to simplify and reduce the cost of the public sector will generate at least 300 billion reais ($57 billion) of savings over the next decade, Economy Minister Paulo Guedes said on Wednesday.

UPDATE 1-Brazil central bank unveils sustainability agenda, will play greater role in policy

09 Sep 2020

BRASILIA, Sept 8 Brazil's central bank on Tuesday launched a "Sustainability" agenda that will further embed green and climate issues into its policies and decisions on currency reserves management, bank stress tests and lending criteria.

UPDATE 2-Brazil govt presents public sector reform bill, gives president sweeping powers

03 Sep 2020

BRASILIA, Sept 3 Brazil's government on Thursday presented to congress a constitutional reform bill aimed at simplifying and reducing the cost of its public sector, which it argues is too bloated and a major reason why the public finances are in such poor shape.

Brazil's Bolsonaro, with popularity rising, extends COVID-19 welfare

01 Sep 2020

BRASILIA Brazil's President Jair Bolsonaro on Tuesday extended until the end of the year payments for low-income Brazilians hit by the economic fallout from the COVID-19 pandemic, a program that has boosted his popularity but created tension with his finance team.

Brazil cenbank chief Campos Neto says replacing Economy Minister Guedes a non-issue

25 Aug 2020

BRASILIA Brazilian central bank president Roberto Campos Neto said on Monday that he has not been sounded out about replacing Economy Minister Paulo Guedes when he eventually leaves his post, and said the whole notion is a "non-issue."

UPDATE 1-Brazil testing lower bound on rates but care needed -Campos Neto

25 Aug 2020

BRASILIA, Aug 24 Brazil is testing the lower-bound limit on interest rates, but great care is needed if that level is to be crossed given the potential negative effects on the banking system and financial markets, central bank president Roberto Campos Neto said on Monday.

Brazil posts biggest formal job gain for July since 2012

22 Aug 2020

BRASILIA Brazil posted its strongest July job growth in eight years, official figures showed on Friday, snapping four consecutive months of job losses as the country continued to relax the coronavirus-fighting lockdown measures from earlier in the year.

Brazil may extend emergency payments to poor until end of year: Bolsonaro

20 Aug 2020

BRASILIA Emergency payments to Brazil's poor could be extended through the end of the year, President Jair Bolsonaro said on Wednesday, but at a lower rate than the current 600 reais ($108) a month.

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