FILE PHOTO: Brazil’s Economy Minister Paulo Guedes gestures during the launching ceremony of the Voo Simples program, which are a set of measures to modernize rules and reduce costs in the general aviation sectors, at the Planalto Palace in Brasilia, Brazil, October 7, 2020. REUTERS/Ueslei Marcelino
October 20, 2020
BRASILIA (Reuters) – Brazil should join the Organisation for Economic Cooperation and Development within a year, Economy Minister Paulo Guedes said on Tuesday, adding that around two thirds of the preparatory work has already been completed.
In a live online event hosted by the Milken Institute, Guedes also said higher exchange rate risk is a natural consequence of the policy shift over the last 18 months in Brazil to looser monetary conditions and tighter fiscal policy.
(Reporting by Jamie McGeever)
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