• Categories
  • Archives

IMF Happy With Brazil’s Performance

Following a meeting with Brazilian President Luiz Inácio Lula da Silva, Anne Krueger, deputy managing director of the International Monetary Fund (IMF), commended the performance of the Brazilian economy in the past two years.

"By its firm adherence to a prudent macroeconomic policy and its commitment to the continuation of the structural reform program, president Lula’s Administration established foundations for the recovery of sustainable growth with low inflation," she said.

Krueger made her comments, yesterday, December 1st, in a declaration to the press in the Ministry of Finance in Brasí­lia, the capital of Brazil. This is Krueger’s first visit to Brazil in two years.

The IMF director affirmed that the directions of the economy inspire confidence in the country’s performance in 2006, provided the current policy is maintained.

Krueger highlighted the 5%+ growth in the Gross Domestic Product (GDP) in 2004, the growth in domestic income, and the drop in inflation.

She also referred to the results of the National Household Sample Survey 2004 (PNAD-2004), which demonstrate a decline in poverty and income inequality and a growth in formal employment.

During the press conference, a group of 15 members of the National Students’ Union (UNE) demonstrated in front of the ministry against the presence of the IMF director and in favor of the dismissal of Henrique Meirelles as president of the Central Bank.

They brought a coffin with them for a symbolic burial of high interest rates and the primary surplus. The coffin was set ablaze at the end of the protest.

Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

When It Feels Good Being Brazilian

The New Year’s celebrations in Brazil can be inspiring. Rio presents the world’s biggest ...

Brazil skies, sea and memory

People Are Like Music and Brazil Is My Theme

I have stayed almost 11 months in Brazil fulfilling my ultimate dream.  I have ...

Portugal Firm EDP to Invest US$ 344 Million in Brazilian Energy

Company Energias de Portugal (EDP) wants to invest 270 million euros (US$ 344 million) ...

In Brazil Only 35% Say Economy Is on the Right Track

After falling in July and September polls, consumer confidence in Brazil remained steady in ...

Global Warming Might Turn Brazil’s Amazon into Scrubland

The conference held in the United Kingdom early this month on climatic changes cautioned ...

Brazilian Aircraft Maker Embraer Up 32% in Net Revenues

Brazil's aircraft maker Embraer posted growth of 32% in net revenues in the first ...

Brazilian Indians Call Lula Anti-Indian

Brazil’s Forum in Defense of Indigenous Rights (FDDI) issued, yesterday, its “April Manifesto,” criticizing ...

Brazil’s Petrobras to Invest US$ 7.5 Billion Overseas

The International Director of Petrobras, Nestor Cerveró, confirmed today the Brazilian company’s internationalization plans ...

US Urges Brazil and LatAm to Do Away with Cumbersome Red Tape

Presidential elections in seven Latin American countries this year have investors jittery over prospects ...

Brazilian Government Sets Rules on How to Prepare National Drink Caipirinha

The Brazilian government has published legal guidelines for the popular caipirinha, the most common ...