Brazil: 2012 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Brazil

International Monetary Fund

No 2012/191, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Brazil; central bank; rate; exchange rate; economy; IMF staff estimate; saving rate; foreign direct investment inflow; inflation target range; current account; credit growth; headline inflation; investment rate; Brazil's economy; Fiscal stance; Exchange rates; Credit; Global; Europe (search for similar items in EconPapers)
Pages: 105
Date: 2012-07-20
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Citations: View citations in EconPapers (1)

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