Brazil has key role to play – IMF

Brazil has a key role to play in
global economic governance,
according to the International
Monetary Fund (IMF).
“It is the largest economy in
Latin America and is deeply
integrated into the global trade
and financial network. Brazil’s
future is inextricably linked to
global economic prospects,” IMF
managing director Dominique
Strauss-Kahn said recently
following a visit to the country.
But, while the country now
enjoys substantial economic
stability, Strauss-Kahn noted in a
press statement there were risks of
possible overheating.
“While not too serious at
this point, these risks require
monitoring, including in the context
of strong capital inflows,” he said.
In May this year the IMF signed
a Memorandum of Understanding
with Brazilian Finance Minister
Guido Mantega for a new Joint
Regional Training Centre for Latin
America. This centre expects to
train government officials from
all Latin America countries in
the areas of macroeconomic
management and policies, financial
programming, financial and
banking sector issues, government
finance, and external sector issues
and statistics.