Rio de Janeiro \u2013 Brazil and Colombia are looking into the possibility of effecting commercial transactions in local currencies, similar to what Brazil and Argentina are already doing. The matter was discussed today (15th) by presidents Luiz In\u00e1cio Lula da Silva and \u00c1lvaro Uribe, during a meeting a little before the opening of the Latin American World Economic Forum, in the city of Rio de Janeiro.<\/p>\n
According to the special advisor to president Lula, Marco Aur\u00e9lio Garcia, Uribe made a point of asking his minister of Finance to meet with minister Guido Mantega as soon as possible in order to approach the subject.<\/p>\n
During the bilateral meeting, Lula also informed Uribe that he is looking into the possibility of opening more lines of credit in Brazilian currency (real) for trade, by means of the Brazilian Development Bank (BNDES), and eventually through the Bank of Brazil as well.<\/p>\n
\u201cThis is in line with the position that president Lula defended at the G-20 meeting,\u201d said Garcia. \u201cGlobal trade must be irrigated, and one of the means for doing so is to create lines of credit so as to enable commercial activity,\u201d he added.<\/p>\n
The expansion of financing for trade was one of the commitments made by the leaders of the financial G-20 in the meeting held in London on the 2nd of this month. <\/p>\n
*Translated by Gabriel Pomerancblum <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The matter was discussed today by the Brazilian president, Luiz In\u00e1cio Lula da Silva, and his Colombian counterpart, \u00c1lvaro Uribe, during a meeting in the city of Rio de Janeiro.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-30525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The matter was discussed today by the Brazilian president, Luiz In\u00e1cio Lula da Silva, and his Colombian counterpart, \u00c1lvaro Uribe, during a meeting in the city of Rio de Janeiro.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/30525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=30525"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/30525\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=30525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=30525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=30525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}