Despite the impact that their policies have with regard to the climate emergency, Latin America's central banks continue to avoid applying guidelines in measures that affect the operation of credit institutions, which distances them from compliance with the Paris Agreement on climate change.
As 2015 approaches its end, Brazilians live a period of extraordinary uncertainty. The recession seems to get worse by the day. Inflation is high and shows unexpected resistance to tight monetary policies applied by the Central Bank. The sluggish international economy has largely neutralized incentive and the strong devaluation of the domestic currency could represent a reality to exporters and to producers who compete with now more expensive imports. After an initial resistance, employment levels began to fall.