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brazil

The pilot of Brazil's central bank currency, or CBDC, known as Drex, was postponed until the end of 2025 because the government estimates that privacy solutions are still inefficient. The announcement was made by the Central Bank of Brazil, considering the proposals made so far as lacking the…
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Brazil’s GDP grew slightly in 2023

The Brazilian Institute of Geography and Statistics (IEBG) reported a slight growth of 2.9 % in the GDP of the South American country in 2023. According to the information released on Friday, March 1, by the IBGE, the agricultural sector…

Petrobras to invest in green hydrogen study

The Brazilian oil giant, Petrobras, announced an investment of R$90 million (equivalent to about $18.4 million) in an ambitious research project focused on the production of green hydrogen and its potential application as a renewable fuel…

IMF predicts a contraction in Latin America’s GDP

Argentina’s economic crisis, which will contract by 2.8% in 2024, has led the International Monetary Fund (IMF) to cut Latin America and the Caribbean’s growth forecast for this year by 0.4 percentage points, to 1.9%. This is indicated by…