Since January 2009 until today, the Brazilian commercial balance account a surplus of US$ 21,69 billion. This is more than the US$ 19,815 billion in the same period of 2008 (the first 3 suarters of 2008 were top quarters for Brazil).
Nicolas Eyzaguirre, director of the Eastern Hemisphere of the IMF, announced last week that Brasil should recuperate faster than any other Latin American country from the crisis.
The IMF announced in Istanbul last week that Brasil’s challenge is to “manage it’s abundance of wealth”.
Brasil officially declared in Istanbul that it will inject 10 million US$ of its reserves into the IMF; funds that the IMF will use to sustain countries in trouble.
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