IMF backs Brazil’s fiscal efforts, ‘ambitious’ green agenda

(Reuters) -The International Monetary Fund on Tuesday said it “strongly supports” Brazil’s efforts to improve the country’s fiscal position, while also commending the country’s “ambitious agenda” to have a sustainable, inclusive, and green economy.

“Enhancing Brazil’s fiscal framework, broadening the tax base, and tackling spending rigidities would support sustainability and credibility,” the leader of an annual mission to the country, Ana Corbacho, said in a statement after the Fund’s visit.

Brazil’s finance ministry in late March unveiled new fiscal rules to balance limits on spending growth under the administration of President Luiz Inacio Lula da Silva, who has vowed to boost social programs and public investment.

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