Particle.news

Brazil Touts Growth Revival as Dweck Flags Possible Fund Oversight Shift

In Davos, Esther Dweck links Brazil’s upturn to Lula-era reforms alongside a foreign policy reset.

Overview

  • Speaking at the World Economic Forum, Dweck said Brazil’s economy has grown closer to the global average over the past three years after a decade of weaker performance.
  • She credited a review of fiscal rules, a reorganized budget, expanded distributive programs and a simplified indirect tax system, citing a reduction of more than 70% in the fiscal deficit since the start of the administration.
  • Dweck highlighted the EU–Mercosur agreement signed on January 17 after roughly 25 years of talks and promoted deeper Latin American integration in infrastructure, regional value chains and social policy.
  • She said Brazilian diplomacy helped scale back previously steep U.S. tariffs on Brazilian goods, though some sectors still face impacts.
  • Dweck confirmed the government is studying transferring investment-fund supervision from the CVM to the Central Bank, a move under discussion that would require formal structural changes and is not yet decided.