LEADER 06757oam 22014294 450 001 9910827813203321 005 20230803034213.0 010 $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(IMF)1BRAEE2013004 035 $a(IMF)1BRAEA2013004 035 $a(EXLCZ)993710000000074071 100 $a20020129d2013 uf 0 101 0 $aeng 181 $ctxt 182 $cc 183 $acr 200 10$aBrazil : $eStaff Report for the 2013 Article IV Consultation 210 1$aWashington, D.C. :$cInternational Monetary Fund,$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 3 $aThis 2013 Article IV Consultation highlights that Brazil?s economy is recovering gradually from the slowdown that began in mid-2011. Consumption remained resilient last year underpinned by low unemployment and broad gains in real wages, although it has slowed somewhat more recently. After a protracted period of weakness, investment has begun to recover in recent quarters while business confidence has firmed. With the economy estimated to be operating close to potential, supply-side constraints have restrained near-term growth and exacerbated inflationary pressures. Financial conditions have tightened but credit growth has remained strong, driven by public banks? lending. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2013/312 606 $aBanks and banking -- Brazil 606 $aBrazil -- Economic policy 606 $aEconomic development -- Brazil 606 $aEconomic indicators -- Brazil 606 $aInternational Monetary Fund -- Brazil 606 $aBanks and Banking$2imf 606 $aExports and Imports$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aStatistics$2imf 606 $aInflation$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFiscal Policy$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aPublic finance & taxation$2imf 606 $aBanking$2imf 606 $aInternational economics$2imf 606 $aEconometrics & economic statistics$2imf 606 $aPublic debt$2imf 606 $aExternal debt$2imf 606 $aFiscal stance$2imf 606 $aState-owned banks$2imf 606 $aFiscal policy$2imf 606 $aPrices$2imf 606 $aFinancial institutions$2imf 606 $aDebts, Public$2imf 606 $aBanks and banking$2imf 606 $aDebts, External$2imf 606 $aFinance$2imf 607 $aBrazil$2imf 615 4$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. 615 7$aBanks and Banking 615 7$aExports and Imports 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aStatistics 615 7$aInflation 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFiscal Policy 615 7$aInternational Lending and Debt Problems 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aPrice Level 615 7$aDeflation 615 7$aPublic finance & taxation 615 7$aBanking 615 7$aInternational economics 615 7$aEconometrics & economic statistics 615 7$aPublic debt 615 7$aExternal debt 615 7$aFiscal stance 615 7$aState-owned banks 615 7$aFiscal policy 615 7$aPrices 615 7$aFinancial institutions 615 7$aDebts, Public 615 7$aBanks and banking 615 7$aDebts, External 615 7$aFinance 676 $a336.3435 712 02$aInternational Monetary Fund. Western Hemisphere Dept. Staff 801 0$bDcWaIMF 906 $aBOOK 912 $a9910827813203321 996 $aBrazil$9467337 997 $aUNINA