Domestic Debt Management Remains A Challenge For Brazil

Speaking at the same Brazilian-American Chamber of Commerce conference yesterday, Monday, in New York, new treasury secretary Carlos Kawall conceded that domestic debt management remains a challenge for Brazil. Improving the internal debt profile and lengthening the domestic yield curve were priorities for the government, he said, while building on the recent opening up of the market to foreign investors. Increased transparency and the development of financial products were necessary to encourage foreign interest, he commented, and domestic pension funds had to be persuaded to change their culture and “go longer in the curve”.