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Brazil to join OECD in a year - economy minister Guedes

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.

BRASILIA, Oct 20 (Reuters) - 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.

(Reporting by Jamie McGeever)

((jamie.mcgeever@thomsonreuters.com; +55 (0)11 97189 3169; Reuters Messaging: jamie.mcgeever.reuters.com@reuters.net))

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