End of preview - This article contains approximately 116 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 28 August 2020
In brief: Brazil’s central bank to help ease public debt
* Brazil’s national monetary council (CMN), the country’s highest economic policy body, has approved the immediate transfer of R$325bn (US$58.3bn) from the central bank (BCB) to the national treasury, to help administer the public debt amid liquidity problems resulting from the economic crisis caused by the coronavirus (Covid-19) pandemic. These funds will come from the BCB’s R$478.5bn profit accrued in its foreign exchange reserves in the first half of 2020 (due to the devaluation of the real). In a statement, the economy ministry noted that such a transfer is permitted in situations of “severe restrictions of liquidity conditions”, as per a 2019 law regulating the relationship between the BCB and the treasury.
- COLOMBIA: Prosecutor general appointment sparks neutrality concerns
- In brief: Peru revises down economic forecasts
- BRAZIL: Violence flares up in Rio de Janeiro
- In brief: Brazil’s central bank to help ease public debt
- PANAMA: Unions file constitutional claim against new labour legislation
- In brief: Costa Rica’s Alvarado hails approval of IMF loan
- MEXICO: López Obrador threatens Ahmsa
- In brief: Mexico’s central bank issues public policy warning
- CHILE: Lorry drivers block roads, demand more security
- In brief: New inflation target range announced in Uruguay
- Publishing note