According to Marcelo Montenegro, the Minister of Economy and Finance in Bolivia, the country’s foreign debt growth rate is negative when measured against the Gross Domestic Product (GDP). This highlights the urgent need to expedite the approval of credits that can support public investment. Montenegro stated that Bolivian foreign debt is currently at -0.1% per […]
Related Posts
Brazil’s Haddad Call for Billionaire Tax at G20
Brazil’s Finance Minister, Fernando Haddad, has taken a strong stance at the G20 meetings, proposing a tax on the world’s billionaires. This call for reform, aimed at bridging the wealth gap globally, showcases Brazil’s commitment to social justice and fairness. Haddad’s initiative, inspired by the EU Tax Observatory’s findings, reveals that billionaires’ tax rates are […]
JBS, WEG, Porto, And Others Announce Significant Financial Moves
JBS (JBSS3) announced its U.S. subsidiary, JBS USA Food Company, started a $500 million tender offer to repurchase senior notes. The offer includes 6.500% notes due in 2029, 5.750% notes due in 2033, and 6.750% notes due in 2034. By last Tuesday (June 25), investors had validly tendered and not withdrawn $2.729 billion of the […]
Mubadala Could Challenge Brazil’s B3 Exchange
Brazil may soon see the launch of a new stock exchange, spearheaded by Mubadala Capital from Saudi Arabia, as reported by Lauro Jardim of Globo. Planned to be based in Rio de Janeiro and led by Claudio Pracownik, a former executive at Ágora and Genial Investimentos, the initiative aims for a mid-2025 start. This announcement […]