Lula Says Brazil Is in Charge of Own Destiny, But Needs 10 More Years of Solid Growth

Brazilian President Luiz Inácio Lula da Silva declared Tuesday, December 20, that by paying off its US$ 15.5 billion debt with the International Monetary Fund (IMF), Brazil was demonstrating its independence.

Lula said the country was able to make the payment because its reserves have now risen to over US$ 60 billion.

According to Lula, Brazil is in charge of its own destiny ("dono de seu nariz" – owner of its own nose) and capable of continued growth.

"We have money, exports, production and now we have shown that we can administer our own debt and move on as we grow more and create jobs," said the President.

In conclusion, Lula said that what Brazil needs is a decade of solid growth in order to achieve definitive stability.

ABr

Tags:

  • Show Comments (1)

  • Guest

    What a guy !!
    Charge of Own Destiny,

    Hey, the Multi-CCorporations don’t have nothing to say ????

Your email address will not be published.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

The Samba and the Fado

The attachment to the Portuguese language among Brazilians is more related to the fact ...

Volunteers Wanted to Work with Children in Hospital and School in Brazil

Global Volunteers, a nonprofit international development organization, will begin sending short-term volunteer teams to ...

Best-seller Books, Plays and Movies

By Brazzil Magazine RIO Mamãe Não Pode Saber (Mom Cannot Know)—Comedy. Family deep in ...

US farm

Brazil, US and Co. Intransigence Delays Doha Accord to 2008 or Later

According to a UN expert, the Doha Rounds, the global trade agreement that is ...

Brazilian Government Finally Accepts Blame for Cattle Disease

Brazilian Agriculture minister Roberto Rodrigues publicly admitted that the resurgence of foot and mouth, ...

Brazil Is Hungry for US Firms: Swift, Anheuser Busch and Now Burger King

American fast-food giant Burger King announced that it has decided to sell the company ...

Brazilian Gol Gets Nod as Aviation Week’s Best Performing Airline in the World

Brazilian Airline Gol was rated the world’s best performing airline in 2005 by Aviation ...

Brazilian Bug Helps New Zealand Fight Killer Weed

A quiet bush clad reserve in the heart of the Manawatu, a New Zealand ...

Brazil’s UNESP Gets LatAm’s Most Powerful Computer Network

Brazil's UNESP (São Paulo State University) will be installing in the coming weeks its ...

Brazilian Creator of Sheriff’s Chair Dead at the Age of 86

< Architect and designer Sérgio Rodrigues died on Monday (September 1st) in Rio de ...