LatinNews Daily - 27 June 2023

* Brazil’s central bank (BCB) has released the country’s balance of payments for May, which showed a current account surplus of US$649m, in contrast to the deficits of US$1.7bn registered in April this year and of US$4.6bn registered in May 2022. This brings the accumulated current account deficit in the 12 months to May 2023 to US$48.5bn (2.45% of GDP). The balance of payments for goods in May saw a record surplus of US$9.7bn, mainly driven by the high value of exports registered for May (US$33.3bn). Foreign direct investment (FDI) in May came to US$5.4bn, marking an increase from the US$3.3bn registered the previous month and from the US$4.0bn invested in May last year.

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