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Brazil jobless rate creeps up to 5.9pc BRASÍLIA: Brazil's jobless rate crept up in February to 5.9 percent, a second straight monthly rise taking the index to its highest level since 2011, official figures showed Thursday.The national statistical institute IBGE showed a 0.6 percent increase over January while the February level was 0.8 percent higher than 12 months earlier.The number of jobless seeking work is estimated at 1.4 million people -- 10.2 percent higher than in January and 14.1 percent up on February last year, the figures showed.The increase comes with Brazil's economy, the world's seventh-largest, struggling after four straight years of low growth and forecast to hover close to zero this year. A huge graft scandal involving state-owned oil firm Petrobras has, meanwhile, fueled political and public unrest.Inflation is on the rise after surpassing government targets and the local currency, the real, has plunged in recent weeks against the dollar. At the end of last year, ...

IMF suspends loan to Yemen amid crisis 'uncertainties' WASHINGTON: The International Monetary Fund said Thursday it had suspended its loan to Yemen indefinitely, citing a "host of uncertainties" stemming from the escalating unrest in the country.In September, the IMF approved a $552.9 million line of credit to help highly impoverished Yemen maintain economic stability and promote inclusive growth. The first installment of the three-year loan, nearly $74 million, was made available immediately.The next disbursement was expected in the first quarter of this year ...
IMF says rules do not allow official arrears WASHINGTON: Countries borrowing money from the International Monetary Fund are not allowed to owe debt to other governments, an IMF spokesman said on Thursday."The fund does maintain a policy of non-toleration of arrears to official bilateral creditors," IMF spokesman William Murray told reporters.Ukraine, which recently received a $17.5 billion IMF bailout, must come up with at least $15.3 billion from sovereign debt restructuring under the conditions of the program. But Russia, which holds $3 billion ...
IMF says had 'constructive' phone call with Greece WASHINGTON: IMF Managing Director Christine Lagarde had a 'constructive' conversation with Greece's prime minister on Wednesday, IMF spokesman William Murray said on Thursday."They had a constructive conversation that focused on next steps in taking forward the policy discusisons related to the IMF's continued support of Greece's reform program," Murray told reporters on Thursday.Greece is locked in talks with its International Monetary Fund and European creditors and risks running out of cash next month unless it ...
IMF says postpones Yemen loan program for now WASHINGTON: The International Monetary Fund on Thursday said it was postponing its next review of its $553 million loan program to Yemen given the uncertain situation in the country."Obviously we're watching the rapidly evolving situation carefully and closely at the moment," IMF spokesman William Murray told reporters. "Given a host of uncertainties surrounding Yemen at the moment, the first review of the Fund-supported program is postponed until the situation clarifies."The IMF agreed in July to ...
French 2014 deficit smaller than expected, growth at 0.4pc PARIS: France's public deficit increased by slightly less than expected in 2014, while growth in the eurozone's second biggest economy was confirmed at 0.4 percent, the same as in 2013, the Insee statistics agency said Thursday.Last year, France's deficit was equivalent to 4.0 percent of gross domestic product (GDP), smaller than the 4.4 percent originally projected, and compared with 4.1 percent in 2013, Insee said in a statement.The slightly improved result "has opened the possibility ...
US jobless claims fall WASHINGTON: New claims for US unemployment insurance benefits fell last week, continuing to trend lower as the labor market improves, according to official data released Thursday.Initial jobless claims, a sign of the pace of layoffs, fell by 9,000 to 282,000 in the week to March 21, the Labor Department said.The decline was stronger than expected; the consensus estimate was for claims to dip to 290,000 from the prior week's 291,000 number.The Labor Department said there ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln