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Your email address will not be published.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

Josí© Serra Odds-on Favorite as Next Brazil President, After Lula’s Setback

Brazilian President Luiz Inácio Lula da Silva and his party, the PT (Workers Party) ...

In the Eve of Bush’s Visit, Brazil Wants Closer Dialogue with US

Five new instruments of dialogue, contact, and exchange between Brazil and the United States, ...

Brazil Teaches Guatemala Zero Hunger

Half of Guatemala’s children, nearly 2 million of them, suffer from chronic malnutrition. This ...

On Its Deathbed Brazil’s Varig Sees Its Routes Being Partitioned

A Brazilian bankruptcy judge approved on Monday an offer by an employee-led group to ...

Brazil: Vehicle Production Up 8%, Agricultural Vehicles Down 18%

Brazil produced 230,755 vehicles in March, 12.3% more than in February (205,534). In comparison ...

Globo TV reporter Guilherme Portanova after being released from captivity

Gangs Have Brought Brazil to Its Knees. Kidnap for TV Air Time Proves It

Not only São Paulo, but the whole country breathed a sigh of relief upon ...

Brazil Vows Better Help to 3 Million Working Children and Their Families

Brazil’s Program for the Eradication of Child Labor (Peti) will be incorporated into the ...

With Brazil White House’s First Facelift Over Lula Moves Back In

After half a century since its opening the Brazilian White House, the Palácio do ...

Cuban Athletes in Brazil Rushed Back Home for Fear of Mass Defection

A rumor that the Cuban athletes participating in the Pan American Games in Brazil ...