Grace Fan

Director, Brazil/Latin America Research

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Recent Brazil research

* Brazil: Cold winds blow on Temer, Elizabeth Johnson, Grace Fan, 22 Jun 2017
* Brazil: Waiting for Janot, Grace Fan, Elizabeth Johnson, 15 Jun 2017
* Brazil: Electoral court hints at 4-3 vote in favour of Temer, Grace Fan, Elizabeth Johnson, 8 Jun 2017
* Brazil: Electoral ‘trial of the century’ on track for quick ruling, Grace Fan, Elizabeth Johnson, 7 Jun 2017
* Brazil teeters on a political cliff edge, Larry Brainard, 2 Jun 2017

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Brazil: Walking the tightrope between fiscal erosion and a downgrade


After a rocky start to the year, the Dilma administration’s recent charm offensive to win back investors appears to be having a visible effect on markets at long last. The latest centrepiece of this initiative was the Finance Ministry’s announcement of a “more credible” 1.9 per cent primary surplus target for 2014 – down from the previous 2.1 per cent target. This was largely welcomed by investors who have feared uncontrolled fiscal erosion was forthcoming, despite their widespread...

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