Brazil increases pledge of resources to IMF
JUSTIÇA DE SÃO PAULO DETERMINA QUE O MUNICIPIO AUTORIZE A EXPEDIÇÃO DE NOTAS FISCAIS ELETRÔNICAS.
9 de fevereiro de 2024
Por que Rússia deve crescer mais do que todos os países desenvolvidos, apesar de guerra e sanções, segundo o FMI
18 de abril de 2024Brazil has committed 14 billion U.S. dollars to the International Monetary Fund (IMF), up from the 10 billion dollars originally planned, for the fund’s new credit arrangement, Brazilian Finance Minister Guido Mantega said Wednesday.
The money is intended for the IMF’s New Arrangements to Borrow (NAB), Mantega said, adding that the share of the BRIC countries (Brazil, Russia, India and China) in the new credit line has now risen to 15 percent.
The bloc would be granted veto power on decisions, which requires the approval of at least 85 percent of the members. Only the BRIC, the European Union, Japan and the United States had veto power in the NAB, the finance minister said.
Mantega stressed that the investment would not affect Brazil’s foreign exchange reserves, which has surpassed 235 billion dollars.
The NAB was established to provide aid to poor countries which suffered severe economic setbacks due to the current global financial crisis. Comprising funds from 28 countries, the IMF’s new credit line will total 600 billion dollars.
