LEADER 04284nam 22006493u 450 001 9910464862703321 005 20210114094340.0 010 $a1-4843-9052-0 010 $a1-4843-0073-4 010 $a1-4843-8685-X 035 $a(CKB)3710000000074071 035 $a(EBL)1608874 035 $a(SSID)ssj0001399391 035 $a(PQKBManifestationID)12595665 035 $a(PQKBTitleCode)TC0001399391 035 $a(PQKBWorkID)11451883 035 $a(PQKB)10499327 035 $a(MiAaPQ)EBC1608874 035 $a(EXLCZ)993710000000074071 100 $a20140210d2013|||| u|| | 101 0 $aeng 181 $ctxt 182 $cc 183 $acr 200 10$aBrazil$b[electronic resource] 210 $aWashington $cInternational Monetary Fund$d2013 215 $a1 online resource (100 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-61635-945-5 327 $aCover; 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 Impacts 327 $aD. 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 Debt 327 $a6. 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 BANK 327 $aSTATISTICAL ISSUES 330 $aKEY ISSUES Context. Brazil is recovering gradually from the growth slowdown that started in mid-2011, but the recovery remains uneven and inflation elevated. Output is estimated at potential with supply-side constraints, linked to tight labor market conditions and protracted weak investment since 2011, limiting near term growth. A monetary tightening cycle has started, following a period of easing. In staff's view, excessive fine tuning of fiscal policy (including through public banks) has weakened the credibility of Brazil's long-standing fiscal framework, while broader policy uncertainty 410 0$aIMF Staff Country Reports 606 $aBanks and banking -- Brazil 606 $aBrazil -- Economic policy 606 $aEconomic development -- Brazil 606 $aEconomic indicators -- Brazil 606 $aInternational Monetary Fund -- Brazil 608 $aElectronic books. 615 4$aBanks and banking -- Brazil. 615 4$aBrazil -- Economic policy. 615 4$aEconomic development -- Brazil. 615 4$aEconomic indicators -- Brazil. 615 4$aInternational Monetary Fund -- Brazil. 676 $a336.3435 700 $aHemisphere Dept$b International Monetary Fund. Western$0999282 712 02$aInternational Monetary Fund. Western Hemisphere Dept. Staff 801 0$bAU-PeEL 801 1$bAU-PeEL 801 2$bAU-PeEL 906 $aBOOK 912 $a9910464862703321 996 $aBrazil$92292841 997 $aUNINA