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IMF Lowers Brazil’s Gross Debt Estimates for 2020 and 2021

RIO DE JANEIRO, BRAZIL - In the Fiscal Monitor update, released this Thursday, January 28th, the IMF's gross debt projection for 2020 dropped from the 101.4% of GDP projected in October to 95.6%, while the projection for 2021 dropped from 102.8% to 92.1% of GDP. Despite the drop, these figures are much higher than the average for emerging economies, which should remain at 65.3% of GDP this year, according to the IMF.

The IMF does not explain the reasons for the change in estimates for the Brazilian debt compared to the October projections, nor for . . .

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