LatinNews Daily - 27 March 2025

*Brazil’s central bank (BCB) has released its latest figures for the country’s balance of payments, which showed a current account deficit of US$8.8bn in February. This monthly deficit marks an increase from the US$3.9bn deficit in February 2024 and a slight increase compared to the U$8.7bn deficit registered for January 2025. The accumulated deficit in the 12 months to February 2025 totalled US$70.2bn (3.28% of GDP), up from US$65.3bn (3.03% of GDP) in the 12 months to January and from US$23.9bn (1.07% of GDP) in the 12 months to February last year. The trade balance of goods in February this year showed a monthly deficit of US$979m, compared to a US$1.2bn surplus the previous month and from a surplus of US$4.4bn in the same month last year. Foreign direct investment (FDI) in February came to US$9.3bn, up from US$6.5bn in January and from US$5.3bn in February 2024.

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