Brazil’s Creditor Status Marks Need to Increase Debt, Lula Says
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Brazil President Luiz Inacio Lula da Silva said it was time to increase the debt in Latin America, to promote growth, now that Brazil, the largest country in the region, has become a net creditor on world markets. Brazil, the longest in the world-Emerging Market debtor, it was a net creditor for the first time in January of the distribution of raw materials and foreign investment keeps causing international exceed international commitments of around 4 billion, the Central Bank of Brazil, Feb. 21. “ For 500 years of history, we were owed,’’said Lula, the Argentine Congress during a visit to Buenos Aires yesterday after an official report by Brazil to reporters the presidential palace. “ We must now benefits from the situation, if not privileged in any case better than we do in all countries to start and we indebt.” The debt should not be only an increase in overheads, “said Lula. It should be used to increase the force of the water dams, communication systems, railways and other infrastructure projects to help them develop in Latin America. |