Following consultations with the Brazilian government in March, the International Monetary Fund (IMF) published a report on 12 May in which it praised the government’s fiscal consolidation efforts, but warned of the need to stick to its targets to restore investor confidence. The finance minister, Joaquim Levy, wants a primary budget surplus of 1.2% of GDP in 2015, and 2% in 2016. “Fiscal consolidation should proceed without delay along the announced lines, while monetary policy should remain tight to bring inflation to target,” the report said.End of preview - This article contains approximately 551 words.
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