US Calls Brazilian Economic Policy Extraodinary and Lula a Rare Leader

The US Secretary of the Treasury, John Snow, once again praised the Brazilian government’s economic policy in a speech to the Rio de Janeiro Commercial Confederation yesterday.

Snow cited the reduction of the country’s debt/GDP ratio, the control of inflation and the trade surplus as positive points.


The US Secretary of the Treasury had only eulogies for the performance of Brazil’s minister of Finance, Antonio Palocci.


“He is committed to good policy that will result in economic growth in the long-term. The results have been extraordinary,” declared Snow.


As for President Luiz Inácio Lula da Silva, Snow said he has become a leader in the fight against poverty and hunger.


“Lula has embraced this cause and made it an international issue. That is positive. It has been a long time since Latin America saw a leader like Lula,” said Snow.


Agência Brasil

Tags:

You May Also Like

Brazil Is Ready and Able to Solve Any Crisis, Says Supreme’s Chief Justice

Brazil’s president of the Federal Supreme Court (STF), Minister Nelson Jobim, said that “there ...

700 Indians Protest in Brazil’s Capital

Around 700 representatives of 89 Indian ethnic groups from nearly all of the states ...

Brazil Lends a Hand to Fight AIDS in Senegal

With the signing of a protocol of intentions for the transfer of anti-retroviral technology, ...

Look, Ma, Looma!

"When she giftwraps herself in these tiny dresses—the red one with a high slit ...

Already a World Champion of High Interest Rates Brazil Ups Key Rate to 11.25%

Brazil’s National Industrial Confederation (CNI) called the decision to raise the country’s key interest ...

The Malandro’s Goodbye

Atypical for a bohemian, Moreira da Silva hardly ever drank and went to bed ...

Brazil Creating Export Credit Agency, the Brazilian Eximbank

Brazil's Ministry of Development, Industry and Foreign Trade and the Brazilian Development Bank (BNDES) ...

Indians Advocate Plurinational States Involving Brazil and Neighbors

Indigenous peoples from Brazil and neighboring countries would like to turn Latin American nations into ...

Brazil’s Development Bank Doubles Energy Financing to US$ 4.3 Billion

Financing by the Brazilian Development Bank (BNDES) for the energy sector totaled 8.3 billion ...

China Keeps Quiet in Face of Impending Brazilian Ban on Chinese Goods

China will await the Brazilian government’s decisions on adopting safeguards against the importation of ...