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Brazil to join OECD in a yr, two thirds of preparatory work done: Official

Guedes also said higher exchange rate risk is a natural consequence of the policy shift over the last 18 months in Brazil to looser monetary conditions and tighter fiscal policy

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OECD

Reuters Brasillia

1 min read Last Updated : Oct 20 2020 | 8:44 PM IST

Brazil should join the Organisation for Economic Cooperation and Development within a year, Economy Minister Paulo Guedes said on Tuesday, adding that around two thirds of the preparatory work has already been completed.

In a live online event hosted by the Milken Institute, Guedes also said higher exchange rate risk is a natural consequence of the policy shift over the last 18 months in Brazil to looser monetary conditions and tighter fiscal policy.

Topics : Brazil OECD

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