Brazil: Federal Public Debt Monthly Report

The Brazilian National Treasury released the Federal Public Debt Monthly Report – January 2009. Please find below the main points:

Primary Market Transactions

In January, Federal Public Debt – DPF issuances reached R$ 38.6 billion and redemptions corresponded to R$ 93.6 billion, resulting in net issuances of R$ 55.0 billion (R$ 54.8 billion refers to net issuances of Domestic Federal Public Debt – DPMFi and R$ 0.2 billion refers to net redemptions of the External Federal Public Debt – DPFe).

What Are the Impacts of the Current Financial Crisis On the Brazilian Economy?

In the last months, the sub-prime crisis was aggravated, culminating with severe financial difficulties of some important North-American and European banks and companies. While there is still some discussion on how deep will the US and European economies be affected, questions on how emerging market economies (EM) will be affected remain. There seems to be no simple or general answer to that, since exposure and economic structure vary significantly across EM countries.

Federal Public Debt Monthly Report

Primary Market Transactions

In November, Federal Public Debt – DPF issuances reached R$ 16.5 billion and redemptions corresponded to R$ 13.2 billion, resulting in net issuances of R$ 3.2 billion (R$ 4.4 billion refers to net issuances of Domestic Federal Public Debt – DPMFi and R$ 1.2 billion refers to net redemptions of the External Federal Public Debt – DPFe).