Dilma wants reforms. Abroad
During a trip to Türkiye, the Brazilian president advocated for Brazilians and Turks to unite in support of reforms to international financial and economic institutions.
Brazilian News Agency - President Dilma Rousseff defended this Friday (7), in Ankara, Turkey, that Brazilians and Turks unite in favor of reforms of international financial and economic institutions. She referred to the International Monetary Fund (IMF) and complained about the effects of the decisions of some countries through the artificial appreciation of their currencies. For the president, the articulations should take place in November, during the G20 meetings (which includes the 20 largest economies in the world), in Cannes, France.
"Brazil and Turkey can contribute to the G20, for example, by advancing reforms in international economic and financial institutions, increasing the participation of our countries in decisions that directly affect our people," said the president at the Brazil-Turkey Business Forum.
According to Dilma, Brazil and Turkey are suffering from the expansionary monetary policies of the developed world. "As emerging countries, we are affected by the reaction policies of developed countries to the crisis, notably the monetary expansion practiced by some central banks, which leads to a kind of currency war. This compromises the value of our goods," she said.
The president then added that these "excessively expansionary monetary policies have been the preferred remedy that the most developed economies have sought in recent times and have the side effect of artificially devaluing" currencies.
The president also noted that trade between Turkey and Brazil tripled in the last decade, from 2009 to 2010. In May of last year, the two countries adopted the Strategic Partnership Action Plan, which involves initiatives in the areas of energy, defense, agricultural cooperation, science and technology, and cultural promotion.
The Turkish government has announced a visit by a delegation of construction industry executives to Brazil next month. The president invited Turkish business leaders from the sector to participate in the infrastructure projects for the 2014 World Cup.
On the first day of her official agenda in Ankara, Dilma met with Turkish President Abdullah Gul and Prime Minister Recep Tayyip Erdogan. Before the forum, the president visited the Atatürk Memorial, where she participated in a flower-laying ceremony in honor of the leader Mustafa Kemal Atatürk. She recorded a message to the leader, considered the father of modern Turkey, in a book.