Brazil To Announce Monday Remaining 1Q
IMF Goals Achieved
Dow Jones Newswires
BRASILIA -- More good news on Brazil's macroeconomic indicators will
hit the market Monday, when the central bank is scheduled to announce
that first-quarter monetary and foreign-sector goals set by the International
Monetary Fund have been achieved.
"We fulfilled all performance criteria for the first quarter," Altamir Lopes,
head of the monetary authority's economic department, told reporters
Friday. "You'll see the (monetary and foreign-sector) figures Monday at 11
(1400 GMT)," he said, declining to unveil any data beforehand.
This is the first time ever that Brazil has met all goals attached to IMF aid,
Lopes said.
As part of a reworked $41.5 billion credit line assembled last year, Brazil
pledged to keep its external public short-term debt under $5.304 billion at
end-March, and its total external debt under $87.966 billion. Also, foreign
private debt with public guarantees should stand under $1.580 billion.
Brazil also committed to control net domestic assets at the central bank -
monetary base less net adjusted international reserves - in order to stay
under minus-BRR7.152 at end-April. Any negative figure greater than that
means Brazil achieved the IMF goal.
Monetary data for April also will be made public Monday.
On the fiscal side, as reported, Brazil surpassed the 6.006 billion reals
($1=BRR1.655) IMF goal, announcing Friday a stunning BRR9.235
billion in savings during the first three months of the year.
-By Adriana Arai; 55-61 321-1224 or 965-6883;
aarai@ap.org |
