| Emerging Markets Reporters
Brazil Government Revenue Jumps
Brazilian government revenue leapt to 43.7 billion reals, a record for January as social security income climbed 9.37% from a year earlier and income tax jumped 7.25%.
- Information provided by Euromoney group sources.
Latin American economists need to grasp the policy challenges posed by a year of “mediocrity” in the face of the slump in the oil prices, a stronger dollar and an expected hike in US rates.
LatAm delegates who struggled with the 40-hour journey to get the IADB meetings in Busan are likely to return with harsh lessons on trade tariffs rather than a recipe to replicate South Korea’s economic miracle.
Huge. Massive. Vast. Pick any of these words and it would more than adequately describe the need for infrastructure in Latin America and the Caribbean. But having failed to take advantage of the boom years to finance major projects, governments now need to look to the private sector to fill the gap.
Chinese officials in Beijing are growing increasingly unhappy with the government’s policy of offering cheap loans without conditions to troubled Latin American states that might never be able to repay them.
Mexico has taken the lead when it comes to attracting new investors to domestic bond markets. But with rising rate expectations set to make dollar markets less attractive, there are several positive signs in the region's other local bond markets
On Ebola: "The World Bank stands as the pivot of that effort to marshal money from the rich world and direct it towards the poor. We need to appeal to the world and to the top 1%.”
Kaushik Basu, chief economist, World Bank
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