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Brazil faces a $ 112 billion refinancing gap in early 2021 | Instant News

BRASILIA, Nov 24 (Reuters) – Brazil’s debt has swelled to unprecedented levels due to the COVID-19 pandemic and the government faces a $ 112 billion refinancing gap early next year, with April funding needs the highest for a month.

Publicly, at least, Treasury officials in Latin America’s top economies insist there will be no problems getting investors to lend to them. The so-called liquidity cushion can cover at least three months of the loan.

In addition, nearly all of Brazil’s debt is denominated in reais and more than 90% of it is held by domestic investors, many of whom are forced to hold it by banking regulations.

Financial analysts also see little risk of a boycott by lenders, which is likely to trigger a serious crisis and wreak havoc on Brazilian financial markets.

But the likelihood that the Ministry of Finance may have difficulty repaying debts, due to sudden unfavorable political, economic or market conditions, is not zero. And it will likely pay a premium to shift so much debt at once, analysts say.

According to Treasury Department figures, about 605 billion reais ($ 112 billion) of domestic federal debt is due in the first four months of next year. That’s 14.1% of Brazil’s 4.82 trillion reais pile of domestic debt.

The month to watch is April, when the 283 billion reais of debt will need to be extended. That is 6.6% of Brazil’s debt and will be the largest single month of maturity debt on record, according to the Ministry of Finance.

“It’s a huge number, and if people want to reduce their exposure a little bit for whatever reason, that’s a significant amount,” said Sergi Lanau, deputy chief economist at the Washington-based Institute of International Finance (IIF).

“It’s not a good situation, but it would be much worse if it was foreign debt. We are not too worried about the pile maturing. If something goes wrong at that point, then you will be exposed,” he said. the word.

The IIF analysis shows that the government’s domestic debt maturing in April amounts to 3.7% of GDP, also an all-time high for a month.

Economy Minister Paulo Guedes said he saw “no problem” for the Ministry of Finance to reimburse the debt. About half of the 600 billion reais due early next year may already be covered by cash inflows from central banks and public sector banks, he said.


The government’s surprisingly aggressive fiscal response to the pandemic, particularly through direct income transfers to the poor, has driven its deficits and debt to records that are far above most other developing economies.

Brazil’s main deficit, excluding interest payments, is estimated at nearly 12% of GDP this year, with overall debt rising to around 95% of GDP, according to the government.

That has forced the Treasury Department to borrow more, more and more in short dated paper because it’s cheaper and as growing concerns around the fiscal outlook mean investors are reluctant to lend to the government long-term loans.

While reducing average debt maturity lengths and record low official interest rates have brought average interest costs down to a record low, the so-called “roll over risk” for the Treasury has increased sharply.

“The problem is if we can’t sell any bonds. But we don’t have to worry too much, there’s money in the system,” said an interest rates specialist at a hedge fund in Sao Paulo.

“The treasury won’t run out of cash: that’s not the case. But it will continue to pay higher interest rates and see a steeper curve,” he said.

The difference between long-term and short-term interest rates has widened sharply. Before the pandemic, the difference between the January 2022 and January 2027 futures rates was 180 basis points or less. That tripled to 460 basis points in September, and is now creeping back to that all-time peak.

The Treasury has failed to sell the full allocation of bonds offered at several auctions in recent weeks, both the fixed rate ‘LTN’ note and the floating rate ‘LTF’ note linked to the central bank’s official Selic rate.

To attract buyers, the Ministry of Finance has to pay a higher premium. It also relies on other sources of financing, including a recent transfer of 325 billion reais from the central bank.

Waldery Rodrigues, special secretary of the economy ministry, said last week that a central bank selling part of its foreign currency reserves to pay debt is “on the menu” for next year, although the decision rests with the central bank.

($ 1 = 5.40 reais)

(Reporting by Jamie McGeever; Editing by Tom Brown)


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The NC governor announced $ 5 million to address food insecurity for communities hardest hit by COVID-19 | Instant News

“COVID-19 has destroyed the world, and as Pastors, we can handle this problem, but we don’t have the resources. “It is great to see Livingstone College playing a leading role as the AME Zion Church, other entities and state governments come together to tackle this great challenge,” said Dr. Dwayne Walker, Board of Trustees for Livingstone College and Pastor of Little Rock AME Zion Church in Charlotte.


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Geneva, Switzerland will have the Highest Minimum Wage in the World | Instant News

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Residents of the canton of Geneva (Switzerland) voted in a referendum on September 27, to pronounce in favor of a minimum wage of 23 Swiss francs per hour (25 dollars), the equivalent of about 4,450 dollars per month, thus reaching highest monthly salary in the world .

About 58% of voters support the new measure, which will take effect in mid-October and will benefit 30,000 employees in the region. Michel Charrat, president of Groupement Transfrontalier Européen , an independent organization supporting workers on the Franco-Swiss border, called the vote a “ sign of solidarity ” with the urban poor, who are considered one of the best places in the world to live.

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Pandemic as an eye opener

“ COVID-19 has shown that certain sectors of the Swiss population cannot live in Geneva, ” Charrat said explaining that it is more than 4,000 Swiss francs is the ” minimum to avoid falling below the poverty line ”.

According to Swiss media, the Coronavirus Pandemic provided a decisive impetus for this initiative, which Genevans had rejected in two previous consultations, in 2011 and 2014.

  • COVID-19 Has Killed 28 Ticos Abroad

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Brazil Low Voltage Power Distribution Market Revenue, Growth Rate, Customer Needs, Trends, Manufacturers and Forecasts until 2025 | Instant News

The Brazil Low Voltage Power Distribution market report contains information pertaining to the consumption patterns and revenue projections of this industry vertical over the analysis timeframe. In terms of production aspects, the document delivers an exhaustive assessment concerning the manufacturing processes as well as the gross remuneration accumulated by market majors. The unit cost implemented by these manufacturers in numerous geographies during the study period is also cited in the report.

Crucial insights pertaining to the product consumption value and volume is listed in the study. In addition, the report comprises of information regarding the import & export conditions and respective sale prices. Other data pertaining to the consumption as well as the production aspects are cited in the study.

The global lockdown stemmed by the COVID-19 pandemic has halted the operations of various enterprises and manufacturing facilities, thereby impacting global economy. Also, the businesses across the world have encountered scarcity of labor workforce and lack of raw materials in the wake of the highly contagious disease, which is projected to result in modification in Brazil Low Voltage Power Distribution market growth rate in the upcoming years.

Request Sample Copy of this Report @ https://www.express-journal.com/request-sample/212057

An overview of the regional terrain:

  • This report provides an in-depth analysis of the geographic landscape of Brazil’s Low-Voltage Power Distribution market, while dividing the same into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
  • Important information regarding the production capacity and income collected by each geography is mentioned in the document.
  • In addition, the report offers specifics about the projected growth rates of each topography over the analysis period.

The essence of the product landscape:

  • The research report provides a granular evaluation of the product spectrum of the Brazilian Low Voltage Power Distribution market.
  • Based on this study, the product spectrum is divided into Fixed Type and Drawer Type.
  • The revenue-related information collected by each product segment is cited in the document.

Application coverage outline:

  • The study divides the application landscape of the Brazilian Low Voltage Power Distribution market into Power Plants, Industrial Sites, Commercial Sites and More.
  • It provides critical data such as the consumption pattern of each product fragment across listed applications.
  • Other data relating to the revenue earned by each application segment are also quoted.

An overview of the competitive landscape:

  • This report provides important insights relating to the competitive terrain of the Brazilian Low-Voltage Power Distribution market.
  • According to the document, major competitors such as Schneider Electric, Siemens, General Electric, ABB, Eaton, Hager, and Chint Group are concentrating on various business expansion strategies.
  • The report also provides data such as company profiles and respective product portfolios.
  • Information regarding product specifications and scope of application is described in this study.
  • Data relating to the production capacity of these major industry players, individual growth rates, accumulated income, product prices and production costs are mentioned in the Brazilian Low-Voltage Power Distribution market report.

In summary, the research report on the Brazilian Low-Voltage Power Distribution market consists of important data regarding upstream raw materials, downstream buyers and equipment. In addition, it provides a thorough assessment of the factors driving market growth along with the individual strategies adopted by industry competitors.

What market factors are described in the report?

1 Market dynamics: Brazil’s Low-Voltage Power Distribution Report also shows a range of commercial possibilities over the coming years and positive earnings forecasts for the coming years. It also studies the main markets and mentions various areas, namely the geographical spread of the industry.

  1. Competitive Market Share: Key players dominate operations in the industry due to strong geographical reach and large production facilities. Players operating in this market are in intense competition in terms of technology, product development, innovation and product pricing. In order to gain a competitive advantage over other players in the Solvent Distillation Unit industry, leading players are more focused on offering products at rational prices.
  2. Report Purpose: The main objective of this research study is to provide producers, suppliers and distributors with a clear picture and better understanding of the market. Readers can gain in-depth insight into this market which enables them to formulate and develop strategies essential for further expansion of their business.

4 Report features:

The report examines the key factors affecting the market:

Various opportunities in the market.

1. To study the overall size of the market and deduce the main trends from it.

2. To test the market based on product, market share, and product share.

3. To analyze the market based on end users and applications and focus on the growth rate of each application.

The Report Will Resolve The Questions Below:

  • Which are the most influential factors in different regions such as North America, Asia-Pacific and Europe?
  • Who are also the vendors in the Global Brazilian Low Voltage Power Distribution Market and what is their market share?
  • What market risks and challenges do market participants face that affect their growth?
  • What is the expected market growth and development status expected?
  • We can offer in-depth analysis of regional markets, country level information and additional producer studies.


Q1: Which are the big companies in the competitive landscape?

Some of the major industry players are Schneider Electric, Siemens, General Electric, ABB, Eaton, Hager and Chint Group.

Q2: Which factors can limit the growth of the Brazilian Low-Voltage Power Distribution market?

Strict government regulations and security & privacy concerns can limit market growth.

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Louis Mobile Food Market will be in your Community in Partnership with St. Louis. Louis Area Foodbank Listing for August 1 – 21 | Instant News

Louis Mobile Food Market will be in your Community in Partnership with St. Louis Area Foodbank Listing for August 1 – 21 | RiverBender.com


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