by Amruth Sundarkumar | Dec 15, 2021 | Sovereigns
Brazil’s recent fiscal outlook shows the best budget numbers in several years for the country. Brazil is on track to post its lowest government spending at 18% of GDP and the smallest budget deficit since 2014, falling to 0.4% of gross domestic product by the end of...
by Amruth Sundarkumar | Oct 25, 2021 | Sovereign Bonds, Sovereigns
Brazil’s dollar bonds dipped on Friday amid signals from the economy minister and president that the government will breach its fiscal ceiling to boost welfare spending. This caused the resignation of four senior Treasury officials. The real fell as much as 1.1%...
by bondevalue | Apr 8, 2021 | Sovereign Bonds
Brazil raised $593.11mn via a privatized auction of 22 airports, with the two largest blocks of airports won by the Brazilian infrastructure company CCR, as part of the government’s push towards privatization. Out of the fifteen airports, nine in southern...
by bondevalue | Mar 18, 2021 | Sovereign Bonds
Brazil’s central bank hiked its policy rate for the first time in almost six years. It hiked the Selic rate by 75bp to 2.75%. The central bank signaled a similar move in May in response to inflation if there are no significant changes in the outlook. The decision to...
