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Your email address will not be published.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

Obama Considering Brazil Invitation for Summit on US Forces in Colombia

The president of Brazil, Luiz Inácio Lula da Silva suggested to his peer American ...

Brazil Exports US$ 2.5 to the Caribbean. As Much as to France.

Brazilian Minister of Foreign Relations, Celso Amorim, says that Caribbean countries have an enormous ...

67%: Senate Scandal Hasn’t Hurt Lula’s Popularity in Brazil

Luiz Inácio Lula da Silva, the president of Brazil, has an approval rating of ...

Vitalmiro Bastos de Moura

Killer of American Nun in Brazilian Amazon Gets 30 Years in Jail

Brazilian farmer Vitalmiro Bastos de Moura, "Bida", was sentenced to 30 years in jail ...

Brazil: 111 Inmates Massacred. 12 Years Later, No One Convicted.

Even though the infamous Carandiru prison has been partially closed for two years, the ...

September 1994

CONTENTS: Cover story: Picking up the president (p. 8) A whale of an election ...

Cotton Cultivation in Brazil Falls 28% and Rice 24%

The eighth national 2005/2006 grain harvest survey, released Thursday, July 6, by Brazil’s National ...

Brazil, 5th Biggest Economy by 2015, But Far from Being Developed, Concedes Minister

Brazil’s Finance minister, Guido Mantega, talking to reporters said that Brazil is expected to ...

Half Century in the Tube

Brazilian TV will be celebrating its 50th birthday on September 18, 2000. Despite of ...

Brazil’s Labor Minister Says Goal Is to Get 1.8 Million New Jobs in 2006

Over 1.8 million formal jobs were created in 2004, in Brazil, according to just-released ...