Brazil: growth, adaptive capacity & new green technologies
environmental opportunities and antagonisms for Brazil in the 21st CenturyArchive for Financial Crisis
The financial crisis and Brazil pt.III: exporters, currency
After the Federal Reserve’s US$30bn credit loaned to the Brazilian Central Bank up until April 30 2009, aimed at easing a shortage of dollars, markets and investors appeared to have regained confidence.
Financial Crisis and Brazil pt.II, poll
The real, which on Thursday closed at R$2.36 against the dollar after the Banco Central’s announcement that it was putting US$50 bn into the currency futures market, may have reached fair value after a long period of overvaluation, according to John Authers.
Optimistic Lula, PAC and Rio Madeira
Lula talks on TVLimao about the effect of the financial crisis on Brazil, rebuffing criticism of his optimism stating that his macroeconomic policies have insulated the economy from external shocks. Read the rest of this entry »
Brazil and the Financial Crisis
Despite dramatic drops on the Bovespa; 
and the Real closing on Wednesday at R$2,28 against the dollar, after strong intervention (including the selling of dollars for the first time since 2003) by the Brazilian Central Bank, the economy is well set up to avoid the worst of the global financial crisis, argues Jonathan Wheatley of the Financial Times.
In spite of the extent of panic selling this week, many economists still expect Brazil to emerge relatively unscathed from the global financial crisis. Its banking sector underwent a state-sponsored restructuring in the 1990s and has little of the exposure to troubled assets afflicting US and European banks. Only about 10 per cent of bank credit is raised outside Brazil.
On Wednesday 8 October the IMF forecast 2009 Brazilian annual growth rate of 3.5%. Charles Collyns, Director of IMF Research stated that a slowdown in growth and weakening of the Real willl present the Brazilian Central Bank with the opportunity to bring interest rates down.
