Notícias

08/11/2008

Brazilian president reaffirms emerging countries importance in international organisms

Brazilian finance minister Guido Mantega gave start to the G20 summit in São Paulo. Brazilian president Luis Inácio Lula da Silva spoke during the plenary sitting of finance ministers and central bank presidents. Mr. Silva reaffirmed the proposal defended yesterday by Mr. Mantega, during the press conference that followed the first official BRIC meeting (Brazil, Russia, India and China). They both defend enlarged participation of emerging nations in international organisms, such as the IMF and World Bank.

São Paulo - O ministro da Fazenda, Guido Mantega e o presidente Luiz Inácio Lula da Silva, participam da reunião anual do G20, grupo que reúne as maiores economias do mundo Foto: Valter Campanato/ABr

According to the Brazilian chief of state, the emerging economies present the conditions to claim more decision power: “We want to expand the participation of emerging nations in the international market”.

During his speech, the Brazilian president spoke of the global financial crisis that has been affecting all countries. Despite low inflation and controlled public debts, he states that Brazil is already suffering its consequences: “Even in the most prepared countries , such as Brazil, loans are more expensive”.

The president also spoke of the growing need of more effective measures to reduce the impacts of the international crisis. “ The advanced countries and financial organisms such as the IMF should adopt certain measures to restore liquidity in international markets”. 

The Brazilian Chief of state concluded his speech reinforcing Brazilian authorities’ worries about the effects of the crisis in the nation: “We’re on guard, we’re not paralyzed. The government will not allow our growth to be damaged”, he states.

Fonte: Assessoria de Comunicação Social - GMF

Speech of the President of the Republic, Luiz Inácio Lula da Silva, during the plennary meeting of the Ministers of Finance at the G-20 meeting São Paulo, November, 08 2008

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