Global General

Central bank governor: Brazil emerges from crisis

(Xinhua)
Updated: 2010-02-04 11:10
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RIO DE JANEIRO: Brazil is emerging stronger from the international financial crisis, said Central Bank Governor Henrique Meirelles on Wednesday.

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"Recovery is happening at a fast pace," Meirelles told businessmen in Sao Paulo.

He mentioned encouraging economic figures in Brazil in the past months, such as foreign exchange reserves, which jumped from $205 billion in September 2008 to $241 billion in 2010, despite the crisis.

Foreign direct investment is expected to reach $45 billion this year, Meirelles added.
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