Brasília – This Thursday (3rd) in Cannes, France, the Brazilian president, Dilma Rousseff, stated that Brazil is willing to help the International Monetary Fund (IMF) to seek a solution to the world crisis. During the opening luncheon of the G20 leaders’ summit, a group comprising world’s 20 leading economies, Rousseff called once again for swifter action from developed countries, which she said must display stronger leadership, clearer vision, and greater speed.
The information was disclosed on Blog do Planalto, the presidential blog. Over luncheon, Rousseff wanted to learn more about the European anti-crisis package and expressed concern that the problems plaguing the region may start “spilling over” to developing countries.
The president mentioned the Brazilian experience of emphasizing the domestic market to address the 2008 crisis. “The inclusion of 40 million people into the middle class was not only a moral imposition, it was also a matter of economic strategy,” said Rousseff in Cannes.
Rousseff once again condemned the exchange rate wars waged by some countries and spoke for the resumption of the Doha Round of negotiation for trade liberalization under the World Trade Organization (WTO).
“Brazil’s commitment to resuming the Doha Round is known to all. But it must also be said that the ongoing economic crisis has caused exchange rate issues and increased liquidity which affects many countries, Brazil included. The WTO Conference in December will be an opportunity to renew our commitment with Doha, as well as discuss the exchange rate and food security issues, including agricultural subsidies,” said the president.
*Translated by Gabriel Pomerancblum
