According to the president, GDP growth of around 3% is “still not enough”, but represents 2.2 percentage points above what was expected, which has positively surprised the world
RIO – The president Luiz Inácio Lula da Silva defended this Wednesday, 6, a growing participation of National Bank for Economic and Social Development (BNDES) in the market for credit national team and said that Brazil “cannot think of not having money”.
“If there are no wages, jobs and consumption, Brazil will go bankrupt. The BNDES is an important player in this. treasure You can’t have R$1,000 billion and I don’t know how much, R$2,000 billion saved, and the BNDES eating dry bread without mortadella,” Lula said in favor of the bank’s expansionist policy.
The statements were made at the headquarters of the BNDES, in Rio de Janeiro, during the signing ceremony of the contracts for the collection of funds of the order of 1.7 billion dollars (8.5 billion R$) between the BNDES and the Novo Banco de Desenvolvimento (NDB). the Brics Bank. The amounts will be used to finance sustainable infrastructure and climate change mitigation and adaptation activities.
Lula argued that Brazil has solid international reserves and a trade surplus of around $100 billion, which gives security to the government’s plans.
In a good mood, the president said that he spoke earlier this year with the president of the International Monetary Fund (IMF), Kristalina Georgieva, who reassured her and said that Brazil will grow well above 0, 8%. According to him, growth around 3% is “still not enough”, but it is 2.2 percentage points higher than the forecasts that have positively surprised the world. He said that he would now send the results to Georgieva.
Other currencies
The president once again defended the fact that Brazil carries out financial and commercial operations in currencies other than the dollar. “We will learn to negotiate without having the dollar as the standard currency. Why should I trade with another country with the dollar? Only with the United States, which has the dollar mint,” he said.
He defended multilateral mechanisms such as the Brics Bank and said that, on a recent visit to Saudi Arabia, he asked the country’s leaders to contribute capital to the establishment of the Bloc he has just joined. “The Brics Bank must be richer than the IMF,” Lula said, drawing laughter from the audience.
Before the president, his predecessor and current president of Brics Bank informed that Brazil already has 2.8 billion dollars in loans signed with the institution in 2023, amounts still to be disbursed.
Source: Terra
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