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Brazil’s agricultural ascendancy: dominates seven exports and is set to eclipse the U.S. in corn
Brazil is the global front-runner in exporting seven agricultural products: soybeans, beef, sugar, chicken meat, coffee, cellulose, and orange juice. In 2022, these exports generated revenue of US$98 billion for Brazil’s farmers, as the country’s Ministry of Agriculture and Livestock reported. This sum equates to over R$460 billion. Furthermore, this year, Brazil is poised to […]
Brazil Takes G20 Helm, Aims for Climate Action and Social Equality
Brazil’s President, Luís Inácio Lula da Silva, became the G20 leader at a recent New Delhi summit. He took over from India’s Prime Minister, Narendra Modi. Three main goals mark Brazil’s G20 term: fighting hunger, climate action, and promoting social fairness. Lula announced two new task forces for these issues. The slogan for Brazil’s term […]
Uruguay’s Central Bank Holds Steady: Interest Rate Remains at 8.5%
The Banco Central del Uruguay (BCU) has decided to keep its monetary policy rate at 8.5%. This decision, made on Tuesday, aims to maintain inflation control and economic stability. The Central Bank Committee hopes to keep inflation expectations in line with their target range. Uruguay’s annual inflation rate dropped to 5.32% in September. This marks […]