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The country's agriculture industry grew by 3.9 per cent in the second quarter.
The Brazilian government also forecast a primary public-sector surplus of 2.1 per cent for 2014.
Brazil can deal with the surging dollar due to its high forex reserves, says the country's president.
The CRA was announced during the fifth BRICS Summit in Durban earlier in March this year.
Diplomatic tensions with Bolivia resulted in Antonio Patriota resigning on Monday.
The US has already started repositioning naval forces in the Mediterranean.
However, growth was up 2.9 percent, compared with the same period in 2012.
US Secretary of State John Kerry says “Brazil is owed answers and will get them".
The accord is designed to strengthen the ability of banks to withstand financial shocks.
