After meeting with risk rating agencies, the Brazilian president draws attention to the results achieved by the government, such as tax reform, and defends the need for banks to encourage growth
BRASILIA – The president Luiz Inácio Lula da Silva he told of the meeting he had with risk agencies in New York on Monday 23rd, and said he was “curious” to know what criteria they adopt to evaluate the Brazil. The CEO stated that government he won’t spend what he doesn’t have and is “betting” that the country will achieve 3.5% growth this year.
“I had a meeting in New York with the rating companies, those companies that measure the growth of our economy. It is not usual for a President of the Republic to meet with the rating companies, but I was curious to know: what criteria do they adopt to evaluate Brazil? Who do they talk to?”, said the PT member in a meeting this Thursday 26th at the Palácio do Planalto. Today’s meeting was attended by the Minister of Planning, Simone Tebetthe president of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadanteand the governors Elmano de Freitas (Ceará) e Eduardo Riedel (Mato Grosso do Sul). The audio was made available after the agenda by the Secretariat for Social Communication of the Presidency (Secom).
Lula said he asked risk agencies to rely on who they speak to evaluate Brazil: “If they go to Faria Lima, if they read newspaper editorials, if they go to the Central Bank,” he said. “Because no one has ever asked me about Brazil, neither in an electoral survey nor in a political-economic evaluation survey of Brazil.”
The chief executive then said that risk agencies “must pay attention” to whether the government is keeping promises made since the beginning of the administration, such as structure and the tax reform. “It’s not a new thing,” he said.
“Things are designed and now we see that the economy does not surprise me, but the famous analysts, some very pessimistic that Brazil would grow only 0.8% in the first year, surprised us with growth of 3% , and now they said we were going to grow by 1.5%, I bet we’ll get to 3.5%,” he commented.
Lula once again emphasized that circular money is important for the growth of the country’s economy. “Here we learned that we don’t spend what we don’t have. If we have to go into debt, it must be for some new asset that can give us a profit and increase our wealth,” he said.
In his speech, the PT MP said he wants banks to be the “main incentives” for economic growth. “With a lot of credit, not only to the industry, but also to the municipalities and the state government for carrying out the work,” he said.
Source: Terra
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