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Bilateral Links
Brazil's Lula Denies aid
Plans To Deal With
Fallout Of Financial
Crisis
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Brazil's Lula Denies aid
Plans To Deal With
Fallout Of Financial
Crisis
RIO DE JANEIRO -
Brazilian President Luiz
Inacio Lula da Silva on
Wednesday denied rumors
of government plans to
aid sectors likely to be
affected by the world
financial turmoil,
saying the Brazilian
economy remained sound.
The government has not
prepared any package of
measures to minimize the
impact of the current
global financial crisis
on Brazil, as the
country's economic
situation is "calmer,"
Lula said after meeting
with senior ministers
over the fallout of the
crisis.
During the meeting,
Finance Minister Guido
Mantega assured the
president that the
economy is solid as
foreign investors are
still keeping their
money in the country.
"We are not yet troubled
by the U.S. financial
crisis," said Mantega,
adding the government
will strive to maintain
economic growth by
securing credit supply.
The government has
already taken a series
of initiatives since the
onset of the crisis to
ensure sustained growth,
Mantega said.
"If that is not enough,
new measures will be
taken to increase credit
lines," the minister
said. "If problem comes,
we will face it."
Mantega expected the
country's economy to
grow by at least 2.5
percent in 2009. His
initial growth forecast
was 4.5 percent. |
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