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July 26, 2013
July 9, 2012
July 20, 2011
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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 0.3 1.4
Consumer Prices 6.3 5.9
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Brazil: Financial Position in the Fund

Transactions with the Fund

Central Bank
Banco Central do Brasil

Finance Ministry
Ministério da Fazenda

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Ministério do Planejamento, Orçamento e Gestão


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Brazil and the IMF
Updated December 10, 2014

The last Article IV Executive Board Consultation was on July 26, 2013. Listed below are items related to Brazil, in reverse chronological order (you can also view items by category).

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January 25, 1999 -- IMF Survey:
IMF assessment of programs in Indonesia, Korea, and Thailand and press conferences by Jack Boorman; Brazil-IMF discussions; report on American Economic Assocation meeting; Camdessus on Asian crisis; and Portuguese banking reforms. PDF File Size: 577Kb
January 22, 1999 -- Globalization and the Third Millennium: Challenges and Issues -- Address by Mr. Alassane D. Ouattara
Presented to the CERAM Sophia Antipolis, Nice, France
January 19, 1999 -- Transcript of a video Conference of Mr. Boorman with Asian Journalists on the IMF's Review of IMF-Supported Programs in Indonesia, Korea, and Thailand
As you know, we are releasing today this new study called "IMF-Supported Programs in Indonesia, Korea and Thailand: A Preliminary Assessment."
January 19, 1999 -- IMF Press Conference of Mr. Boorman on the IMF's Review of IMF-Supported Programs in Indonesia, Korea, and Thailand
This briefing is about the first assessment that the IMF staff has carried out on recent IMF-supported programs in Indonesia, Korea, and Thailand, a document that has been made available to you.
January 18, 1999 -- REVISED - News Brief: Camdessus Welcomes Constructive Discussions with Brazil
January 13, 1999 -- News Brief: IMF’s Managing Director’s Statement on Brazil
January 03, 1999 -- On the Need for an International Lender of Last Resort -- Stanley Fischer
This is a slightly revised version of a paper prepared for delivery at the joint luncheon of the American Economic Association and the American Finance Association
December 28, 1998 -- The IMF: Doctor, Savior--or Wastrel? - A Letter to the Editor
This article by Michael Mussa, Director of the IMF’s Research Department was published in Business Week, December 28, 1998
December 21, 1998 -- Press Conference by Michael Mussa on the Interim Assessment of the World Economic Outlook and International Capital Markets
Transcript of a press conference on the Interim Assessment of the World Economic Outlook and International Capital Markets.
December 14, 1998 -- IMF Survey:
Financial market turbulence; IMF approves Brazil credit; U.S. inflation and unemployment; debt relief for Honduras and Nicaragua; Camdessus in Latin America; corporate debt in east Asia; and budget reform in Lithuania. PDF File Size: 405Kb
December 08, 1998 -- Brazil -- Technical Memorandum of Understanding Letter of intent
Sets out the specific performance criteria, indicative targets, and assumptions that will be applied under the arrangement for Brazil and details some specific daily data that the authorities will provide to the staff of the Fund.
December 02, 1998 -- Press Release: IMF Approves SDR 13 Billion Stand-By Credit for Brazil; Activates NAB
December 01, 1998 -- Transcript: Financial Markets: Coping With Turbulence
Transcript of a an Economic Forum that discussed the financial crisis that began in Asia, spread to Russia, and is now threatening Latin America. The turbulence--and its contagion--in financial markets has prompted a wide range of efforts to improve the international financial system.
November 30, 1998 -- IMF Survey:
Impact of euro introduction, debt assistance for Honduras and Nicaragua, IMF press conference on Brazil, Camdessus on financial sector reforms, Max Corden on Asian crisis, sound banking in sub-Saharan Africa, and bank restructuring in Kazakhstan. PDF File Size: 564Kb
November 25, 1998 -- The global economy: still in crisis? -- Remarks by Michel Camdessus
Given at the International Financial Congress: Finantia '98, Madrid
November 18, 1998 -- Financial Sector Soundness and International Financial Reform--Address by Michel Camdessus
given to the Federation of Latin American Banks, Panama
November 16, 1998 -- IMF Survey:
Brazil-IMF conclude negotiations on financing package, UNCTAD report on foreign direct investment; Camdessus on financial reform, Group of Seven plan for financial reform, and financial sector development in sub-Saharan Africa. PDF File Size: 413Kb
November 13, 1998 -- Brazil Letter of Intent, November 13, 1998
This Letter of Intent of the government of Brazil describes the policies that Brazil intends to implement in the context of its request for financial support from the IMF.
November 13, 1998 -- News Brief: Camdessus Welcomes Conclusion of Talks on Brazil’s Program
November 13, 1998 -- IMF Press Conference of Michel Camdessus, Managing Director and Stanley Fischer, First Deputy Managing Director
And now, let me tell you my pleasure in announcing that today, the Brazilian authorities and an IMF team have successfully concluded negotiations on a strong three-year program of economic and financial reform.

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