• Categories
  • Archives

For World Bank Chief, Brazil Is Doing Well, But Millions Are Still Too Poor

Brazilian President Luiz Inácio Lula da Silva met Thursday, December 15, with the president of the World Bank (IBRD), Paul Wolfowitz.

On his departure from the Planalto Palace, where the meeting took place, Wolfowitz told the press that he came to Brazil to learn more about measures adopted by the Brazilian government to ensure economic growth and, at the same time, advance on social issues.

"My stay in this economic mammoth, which has become a global and regional actor, will help me understand Latin America’s richness and diversity," he commented.

The IBRD president said that at his encounter with Lula the two discussed difficulties faced by country representatives in dealing with the themes on the agenda of the Ministerial Conference of the World Trade Organization, in Hong Kong, as well as the importance of combining commercial exchanges with sustainable development, always giving due attention to environmental questions.

What the World Bank and Brazil can do together to reduce poverty in the country and the world was also treated at the meeting, Wolfowitz said.

He pointed out that, although the Brazilian economy is doing "well," millions of Brazilian still live in poverty. In speaking to the press, Wolfowitz emphasized the World Bank’s commitment to Brazil and all the other medium-income countries of Latin America.

He remarked that Brazil "is important to the IBRD’s business." He also praised the Brazilian President and said that Lula is a "strong world leader."

When asked about Brazil’s current political juncture, the IBRD president said he didn’t want to get involved with this matter, but he observed that corruption is a problem in the majority of countries and that one of the major challenges faced by institutions is to combat it and limit its effects.

This is Wolfowitz’s first trip to Latin America as president of the World Bank and his first visit to Brazil.

Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    This is just…..
    public diplomatic lickings.

    Behind the scene words are harsher.

    -;-))))

Your email address will not be published.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

While Foreign Investment Falls in Brazil It Grows in LatAm

The worldwide foreign direct investment (FDI) flow reached US$ 897 billion last year, an ...

Fighting desertification in the Brazilian Northeast

Brazil Tells the World How It’s Battling Desertification

Brazil presents today, March 16, two of its contributions for fighting permanent soil degradation. ...

Brazil’s Fruit Exports Jump 10% to 851 Tons

Brazil’s fruit producers reached the end of 2004 with record exports worth US$ 370 ...

Happy 450th Birthday, São Paulo

São Paulo contains everything that is bad about Brazil, particularly the enormous social division ...

Biotech Crops Are Killing Land and Life in Brazil and Latin America

Latin America is being invaded by genetically engineered (GE) crops. The promoters of these ...

Brazil Reserves a France + Germany for Indians

The goal of Brazil’s National Indian Foundation (Funai) is to homologate 25 indigenous territories ...

Brazilian Stocks Stop Bleeding and Get Slight Jump

After a gray Tuesday, which saw the Brazilian stock suffer its worst tumble in ...

Brazil Uses Spanish IT Manager for National Electricity Plan

Madrid, Spain-based IT manager Telvent announced yesterday that it will implement its management, control, ...

Putin Invites Lula to G-8 Meeting and Britain Talks Creative Economy with Brazil

Brazilian President Luiz Inácio Lula da Silva has been invited by the president of ...

Lost Horizon

The elopement would happen on the wedding’s eve, the day when the old Manuel ...