Brazil: 2012 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Brazil
July 20, 2012
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A strong policy framework and improved income distribution and social outcomes have been important accomplishments in Brazil. The 2012 Article IV Consultation highlights that financial stability in Brazil has been underpinned by a strong banking system and framework for regulation and supervision. Executive Directors have commended authorities’ commitment to a strong policy framework, which has delivered a decade of macroeconomic stability and rising living standards. They have also welcomed the recent reorientation of the policy mix toward generating fiscal savings and providing monetary countercyclical support.
Subject: Banking, Credit, Exchange rates, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Money, Public debt
Keywords: Brazil, Brazil's economy, central bank, CR, Credit, credit growth, current account, economy, Europe, exchange rate, Exchange rates, Fiscal stance, foreign direct investment inflow, Global, headline inflation, IMF staff estimate, inflation target range, investment rate, ISCR, rate, saving rate
Pages:
105
Volume:
2012
DOI:
Issue:
191
Series:
Country Report No. 2012/191
Stock No:
1BRAEA2012001
ISBN:
9781475506709
ISSN:
1934-7685
