Brazil is finalizing a groundbreaking proposal to renegotiate international debts, aiming to alleviate the financial burdens on less affluent nations. Finance Minister Fernando Haddad announced this initiative from discussions at the G20 finance summit. It marks a departure from Brazil’s previous passive role in global debt issues, highlighting a commitment to economic diplomacy and international […]
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Banxico unanimously maintained its interest rate at 11.25% for the fourth consecutive time, aligning with expert predictions. In March, the rate was raised to this level. Later, May, June, and August meetings also saw no change. September’s decision follows this trend. The current rate is the highest since January 2008. At that time, Banxico started […]