Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Brazil's President: Emerging nations in better shape in financial crisis
+ -
13:21, April 20, 2009

 Related News
 Brazil welcomes progress in U.S. relations with Venezuela, Cuba
 Brazilian president sees new era in U.S.-Latin American ties
 Official: Brazil has better fiscal situation than most countries
 Lula: U.S. must have a new look at Latin America
 Brazil's economy recovering from financial crisis: FM
 Comment  Tell A Friend
 Print Format  Save Article
Some emerging nations are in better shape to emerge from the global financial crisis than developed ones, Brazil's President Luiz Inacio Lula da Silva said in an interview published on Sunday's edition of the La Nacion daily.

Lula named China, India, Brazil, South Africa and Argentina as being in good shape but he also said emerging nations are not going to escape the crisis unless developed countries do the same.

He said Brazil would import and export more once the crisis comes to an end. "Then we will be able to establish some balance in trade flows, which is currently the victim of credit shortage," Lula said. "Brazil is implementing anti-cyclical policies which allow the internal market to adjust to compensate for the reduction in exports."

Lula also said the Brazilian government will spend 300 billion U.S. dollars in investments and will build a million homes to fight the housing shortage and to create new jobs.

"Boosting living conditions will also allow us to cut back violence," he said.

Lula is set to meet President Cristina Fernandez of Argentina on Thursday in Buenos Aires, which he said would be an opportunity to "build consensus with Argentina".

He said Brazil and Argentina must join forces in this crisis, describing it as "an exceptional moment to take political decisions".


  Your Message:   Most Commented:
Don't hate the rich, be one of them
Can Dalai Lama's lie deceive the world for long?
On Serfs Emancipation Day, celebration, recollection, and wishes from across China
India's drill report 'surprises' Chinese govt
China denies intruding into U.S. electrical grid

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved