Fitch raised Brazil's credit rating to "BB", the Ministry of Finance announced a series of measures to increase access to credit, and Márcio Pochmann will become the president of the IBGE

BRAZIL POLITICS - Report 27 Jul 2023 by Murillo de Aragão and Cristiano Noronha

The credit rating agency Fitch raised Brazil's credit rating from "BB-" to "BB". The agency took into account that Brazil's macroeconomic and fiscal performance was better than expected. The autonomy of the Central Bank, the pension reform, and especially, the Tax Reform and new fiscal framework proposal, were cited as positive factors. Yesterday, the Ministry of Finance announced a series of measures to increase access to credit. Bills will be sent to Congress with amendments to both the Fiscal Responsibility Law (LRF) and the Fiscal Recovery Regime (RRF). Today, the decision to appoint economist Márcio Pochmann as the president of the Brazilian Institute of Geography and Statistics (IBGE) has seen a considerable amount of coverage in the media.

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