In December 2021, the IMF announced the decision to close its offices in Brasilia, apparently after the interdict with Minister Guedes. The official pointed out today that the inaccurate calculations of the IMF they are due to a “militance” of its analysts that prevents them from having a more objective perception of the economic recovery.
In this way Guedes reiterated on Wednesday the criticisms he made last week during a visit to Washington, when the IMF reported that Brazil will grow 2.8% in 2022, being that in July it had forecast an advance of 1.7%. (ANSA).
How the crossing began
A week earlier, Paulo Guedes criticized the Monetary Fund for not detecting the advance of inflation in time, which caused “wrong” recommendations to be given in contrast to the “early action” taken by the Brazilian authorities.
“Unfortunately, the IMF’s bilateral and multilateral surveillance missed the nature, magnitude and extent of the rise in inflation that began in 2021. As a result, the Fund’s policy advice was wrong in several cases,” Guedes said.
At the same time, Guedes praised the performance of the economy and said that the country was “positively surprising skeptics, including the IMF”.
Source: Ambito
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