Brazil has “sound macroeconomic management”
The International Monetary Fund (IMF) has said that Brazil’s "sound macroeconomic management" provides a stable foundation for sustainable growth in the country.
Despite recent turbulence in the international financial markets, the IMF said it felt that Brazil has weathered the conditions well, which was a tribute to the government’s "prudent" policies and indicated lasting improvements for social conditions.
Masood Ahmed, director of the external relations department for the IMF, said at a recent press conference: "We think growth prospects for the emerging markets…remain relatively robust not least because the emerging markets have much stronger fundamentals today both in terms of policies and balance sheets."
Industry analysts have stressed the importance now for Brazil to continue improving its infrastructure to maintain its current levels of growth.
Ernst & Young’s global real estate director Dale Anne Reiss suggested that governments should turn to private capital to finance infrastructure.
Support has been shown to the country in recent times by the World Bank, which in 2003 approved a $100 million loan to north-eastern Brazilian state of Bahia, to help increase the efficiency of the state’s infrastructure, in light of its rapid development.
