Brazil and U.S. to work together for more stable global economy

13:31, February 08, 2011      

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Brazil and U.S. to work together for more stable global economy

Brazil's President Dilma Rousseff (R) shakes hands with U.S. Treasury Secretary Timothy Geithner during a meeting in Brasilia, capital of Brazil, on Feb. 7, 2011. (Xinhua/Agencia Estado)


U.S. Treasury Secretary Timothy Geithner said during his official visit to Brazil that the United States and Brazil will work together to build a more stable economic system.

Geithner's visit, his first to Brazil since he took office in 2009, was to prepare for U.S. President Barack Obama's visit to Brazil scheduled for the second half of March.

"We had an excellent meeting with the president and our partners in the economic team," Geithner told reporters after meeting Brazilian President Dilma Rousseff.

"President Obama is looking forward to the meeting and I emphasized that we have a strong economic relationship with common interests," he said.

He said that the United States and Brazil are "fundamentally aligned" and must act together to achieve a more stable and stronger global system.

"After the economic crisis, we are focused on how to take advantage of this moment, between the United States and Brazil, and ensure that we work together on a global level to build a more balanced, more stable, stronger and better economic relationship," he said.

Before meeting with the president, Geithner also met Finance Minister Guido Mantega and Central Bank President Alexandre Tombini.

The Central Bank said in a note after the visit that Geithner and Tombini discussed "the current challenges to solidify the economic growth and financial stability through joint efforts of all Group of 20 members."


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