• Categories
  • Archives

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Your email address will not be published.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

Brazil Spends US$ 30 Million This Year to Become Heavyweight Tourist Destination

Brazil has started a new international tourism campaign with the message “Brazil is calling ...

Brazil Joins US to Make Royalty-Free Drugs for Orphan Diseases

Brazil's Oswaldo Cruz Foundation (Fiocruz) and Boston-based Genzyme Corp. have joined into a research ...

Keeping the Flame

Who are these men and women dressed in colorful and festive garb? They are ...

Brazilian Army Patrols Parí¡ Cities

The Brazilian army continues to patrol 17 cities in the state of Pará, in ...

Brazil’s Embraer Delivers 60 Jets and Gets 78 New Orders

Embraer, Brazilian aircraft manufacturer, announced the delivery of 60 aircrafts in the first half ...

Brazil Is World’s Fifth in Growth of Foreign Investment, Ahead of China

After three years dropping, the world foreign direct investment (FDI) flow returned to growth ...

God Is Brazilian! Ask Charles Miller.

Brazil produces some of the finest football and footballers on the planet. But few ...

Brazil: Animal Rites and No Right to Dissent

On an unseasonably hot September Sunday afternoon I was relaxing in the garden with ...

LETTERS

There has been a revival of Noel Rosa’s life and work. But who is ...