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Guido Mantega



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Emerging Economies Demand Reimbursement

Brazilian Finance Minister, Guido Mantega, has disclosed that officials from some developing nations, last Sunday, suggested the U.S. and other countries where the current crisis started should reimburse emerging economies for financial losses suffered when foreign investors dumped assets in recent months.

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UPDATE 1-Lula says wants Banco do Brasil to keep top rank

Lula was scheduled to meet Finance Minister Guido Mantega and Central Bank chief Henrique Meirelles on Tuesday afternoon to discuss the country's economic situation and also the takeover of Nossa Caixa, which is controlled by the Sao Paulo state government but were unlikely to reach a decision, Lula said.

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Brazil expects 'regulation' of financial markets from G20 summit

Washington - Brazil expects that the G20 summit in Washington on Saturday will end with an agreement on greater regulation in financial systems, Brazilian Foreign Minister Celso Amorim and Finance Minister Guido Mantega said Friday. Mantega said th...

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World leaders promise plan to solve crisis

"We share a determination to fix the problems that led to this turmoil," Bush said earlier at a White House dinner for the leaders.Emerging market countries warned time is running out to stem the economic damage from credit market turmoil that began about 17 months ago."If we don't take quick action we run the risk of falling into a depression," said Brazilian finance minister Guido Mantega,...

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Brazil considers its own bailout as it heads to G20 talks

... the impact of its previous efforts to loosen its credit markets. Brazilian finance minister Guido Mantega has supported a package that spreads funds on infrastructure and social programs, as well as doles out tax breaks, Coutino said. A message to the marketsLike China's, a Brazilian stimulus plan could include outlays on some previously announced or modified projects. More broadly,...

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Leaders arrive in US for historic G20 financial summit - Update

... began in the United States and other advanced economies. "We cannot leave here empty handed," said Guido Mantega, finance minister of Brazil, which chairs the G20. Emerging economies were coming to Washington hoping to see the G20 meeting of government leaders become a regular event. "The G7 is too narrow and too small," Indian Finance Minister P Chidambaram said on the plane to Washington,...

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Leaders arrive in US for historic G20 financial summit - Update

... began in the United States and other advanced economies. "We cannot leave here empty handed," said Guido Mantega, finance minister of Brazil, which chairs the G20. Emerging economies were coming to Washington hoping to see the G20 meeting of government leaders become a regular event. "The G7 is too narrow and too small," Indian Finance Minister P Chidambaram said on the plane to Washington,...

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G20 seeks bigger role to tackle turmoil

G20 officials agreed on Sunday that developing nations should have a greater role in tackling financial and economic crises but appeared to be far from agreeing how this goal should be achieved.Guido Mantega, Brazil's foreign minister and chair this

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G20 agrees to promote fiscal incentives to avoid recession

Top finance officials of the Group of 20 (G20) nations have agreed that tax cuts and increased government spending are necessary to avoid a recession, Brazilian Finance Minister Guido Mantega said on Sunday. However, each country will take actions according to its own situation, he told a press conference. The G20, which consists of 19 major developed and developing countries and the...

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Developing nations want greater say

... the G7 group of the world's richest nations in global economic affairs, Brazilian finance minister Guido Mantega said the issue had "not yet been resolved" but the G20 "is a strong candidate to co-ordinate actions".This week's meeting will bring together the G7, the European Union and 12 other economic powers - Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia,...

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Brazil provides $7 bln to SMEs amid global economic crisis

Brazil will provide 15 billion reais (7 billion U.S. dollars) for small and medium-sized enterprises (SMEs), Finance Minister Guido Mantega announced Thursday. Such measures are the latest actions taken by the Brazilian government aimed at increasing liquidity in the market and the working capital of companies. It is reported that 10 billion reais (4.67 billion dollars) were obtained...

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Latin America's new consensus

... export credit until “the most acute stage” of the crisis is over, says Brazilian Finance Minister Guido Mantega. And because the government of Luiz Inácio Lula da Silva has reduced poverty, thus expanding its internal market, the country is in a better position to endure the global financial turbulence. “Brazil is not immune to the crisis,” says Mantega, “but this affects the...

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G20 wants a larger role for emerging nations

A meeting of delegates from the Group of 20 nations in Brazil has ended with a call for more inclusion of developing countries in shaping global financial reforms. The group, which includes leading industrialised countries and emerging economies, agreed to coordinate a response to the financial crisis. However, Brazil's Finance Minister, Guido Mantega, said no consensus was reached on...

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G20 calls for expanded role to combat economic turmoil

G20 officials agreed yesterday that developing nations should have a greater role in tackling financial and economic crises but appeared to be far from agreeing how...

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G-20 leaders work toward global stimulus package

... the G-20 will discuss such plans this week in Washington, where the Brazilian finance minister, Guido Mantega, said they would be under pressure to act fast."We'll have to change the tires of the car with the car moving," he said. "This means in 60 to 90 days we'll need the solutions for new financial regulation."G-20 ministers meeting in São Paulo this weekend agreed that they must...