06757oam 22014294 450 991078917360332120230803034213.01-4843-9052-01-4843-0073-41-4843-8685-X(CKB)3710000000074071(EBL)1608874(SSID)ssj0001399391(PQKBManifestationID)12595665(PQKBTitleCode)TC0001399391(PQKBWorkID)11451883(PQKB)10499327(MiAaPQ)EBC1608874(IMF)1BRAEE2013004(IMF)1BRAEA2013004(EXLCZ)99371000000007407120020129d2013 uf 0engtxtccrBrazil : Staff Report for the 2013 Article IV ConsultationWashington, D.C. :International Monetary Fund,2013.1 online resource (100 p.)IMF Staff Country ReportsDescription based upon print version of record.1-61635-945-5 Cover; CONTENTS; RECENT DEVELOPMENTS; BOXES; 1. What Explains Weak Investment in Brazil?; 2. FDI in Brazil; 3. Status of Implementation of 2012 FSAP Key Recommendations; 4. Fiscal Stimulus; OUTLOOK AND RISKS; 5. Brazil's Corporates: Rising Leverage But Improving Liquidity; 6. How Fast Can Brazil Grow?; 7. Public Debt Dynamics in Recent Year; 8. Household Financial Soundness; POLICY DISCUSSIONS; A. Economic Outlook and Risks; B. Near-Term Policy Stance; C. Strengthening Brazil's Policy Frameworks; 9. Basel III Capital Requirements and Estimated ImpactsD. Domestic Demand Rebalancing and Boosting Long-Term Growth STAFF APPRAISAL; FIGURES; 1. Recent Economic Developments; 2. Inflation; 3. External Sector; 4. Macroeconomic Policies; 5. Financial Sector; 6. Financial Markets; 7. Public Debt Sustainability: Bound Tests; 8. Public Debt Sustainability: Bound Tests; 9. External Debt Sustainability: Bound Tests; TABLES; 1. Selected Economic and Social Indicators; 2. Balance of Payments; 3. Main Fiscal Indicators; 4. Depository Corporations and Monetary Aggregates; 5. Medium-Term Macroeconomic Framework, Balance of Payments, and External Debt6. External Vulnerability 7. Financial Soundness Indicators, 2008-2012; 8. Statement of Operations of the General Government (GFSM 2001); 9. General Government Stock Positions (GFSM 2001); 10. NFPS Gross Debt Sustainability Framework, 2010-2018; 11. Net Public Sector Debt Sustainability Framework, 2010-2018; 12. External Debt Sustainability Framework, 2010-2018; ANNEXES; I. Brazil's External Sector Assessment; II. Why is Brazil's Labor Market Tight?; III. Public Banks' Rapid Expansion; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK; RELATIONS WITH THE INTER-AMERICAN DEVELOPMENT BANKSTATISTICAL ISSUESThis 2013 Article IV Consultation highlights that Brazil’s economy is recovering gradually from the slowdown that began in mid-2011. Consumption remained resilient last year underpinned by low unemployment and broad gains in real wages, although it has slowed somewhat more recently. After a protracted period of weakness, investment has begun to recover in recent quarters while business confidence has firmed. With the economy estimated to be operating close to potential, supply-side constraints have restrained near-term growth and exacerbated inflationary pressures. Financial conditions have tightened but credit growth has remained strong, driven by public banks’ lending.IMF Staff Country Reports; Country Report ;No. 2013/312Banks and banking -- BrazilBrazil -- Economic policyEconomic development -- BrazilEconomic indicators -- BrazilInternational Monetary Fund -- BrazilBanks and BankingimfExports and ImportsimfMacroeconomicsimfPublic FinanceimfStatisticsimfInflationimfDebtimfDebt ManagementimfSovereign DebtimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFiscal PolicyimfInternational Lending and Debt ProblemsimfGeneral Financial Markets: Government Policy and RegulationimfPrice LevelimfDeflationimfPublic finance & taxationimfBankingimfInternational economicsimfEconometrics & economic statisticsimfPublic debtimfExternal debtimfFiscal stanceimfState-owned banksimfFiscal policyimfPricesimfFinancial institutionsimfDebts, PublicimfBanks and bankingimfDebts, ExternalimfFinanceimfBrazilimfBanks and banking -- Brazil.Brazil -- Economic policy.Economic development -- Brazil.Economic indicators -- Brazil.International Monetary Fund -- Brazil.Banks and BankingExports and ImportsMacroeconomicsPublic FinanceStatisticsInflationDebtDebt ManagementSovereign DebtBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFiscal PolicyInternational Lending and Debt ProblemsGeneral Financial Markets: Government Policy and RegulationPrice LevelDeflationPublic finance & taxationBankingInternational economicsEconometrics & economic statisticsPublic debtExternal debtFiscal stanceState-owned banksFiscal policyPricesFinancial institutionsDebts, PublicBanks and bankingDebts, ExternalFinance336.3435International Monetary Fund. Western Hemisphere Dept. StaffDcWaIMFBOOK9910789173603321Brazil467337UNINA