The International Monetary Fund (IMF) and the World Bank kick off their Annual Meetings in Marrakech, Morocco on Monday. They return to Africa for the first time since 1973. IMF Executive Director Kristalina Giorgieva speaks at the opening. She says the world economy is stronger than last year but warns of challenges in Africa. Next, […]
Related Posts
Moody’s Report: Brazil’s Energy and Water Sectors Poised for Expansion
The Brazilian infrastructure sector presents promising investment opportunities across various business lines, according to Moody’s risk assessment agency. Moody’s highlights that electricity distribution companies like EDP Espírito Santo, Enel Rio de Janeiro, and Light will seek to renew their concessions in 2025 and 2026. New guidelines for electricity distribution concessions have been set by the […]
Brazilian Industrial Giant WEG Reports 22.1% Revenue Growth in Q3 2024
In a display of resilience and strategic acumen, WEG S.A., Brazil’s industrial powerhouse, has posted impressive financial results for the third quarter of 2024. The company’s net profit soared to R$1.57 billion ($280.4 million), marking a substantial 20.4% increase from the previous year. This remarkable achievement comes amid global economic uncertainties and shifting market dynamics. […]
Brazil Eyes Investment Growth in 2024 Amid Challenges
Brazil’s investment outlook is improving for 2024, bouncing back from a 2023 slump despite structural challenges. The investment rate stood at a low of 16.5% of GDP last year. Prospects brighten with expected lower interest rates and less uncertainty under President Lula. In 2023, while GDP grew by 2.9%, investment fell by 3%. A late […]