Peru’s Path Forward: Navigating Political, Economic, and Global Dynamics

LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

January 13, 2025

What Will a New Central Bank Chief Mean for Brazil?

Gabriel Galípolo became the head of Brazil’s central bank on New Year’s Day. // File Photo: Brazilian Government.

Q

A

Allison Fedirka, director of analysis at Geopolitical Futures: “Brazil’s latest fiscal plans fell short of reassuring markets and investors. It came across more as short-term adjustments, rather than bold moves to address the structural issues behind the government’s spending. The government remains heavily bound to obligatory spending, with little to no discretionary funds. This has triggered negative impacts on the economy, including a devaluation of the real and a relative price increase of imported goods. Major shifts in fiscal policy are unlikely in the year ahead, with the central bank having comparatively greater room to maneuver in terms of more drastic steps. Galípolo’s appointment aims to bridge the confidence gap between the private sector and Brasília. He has a strong, positive track record and has demonstrated that…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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