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Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad

17 Tháng Giêng 2023
Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad © Reuters. FILE PHOTO: Brazil's Finance Minister Fernando Haddad attends a news conference in Brasilia, Brazil, January 12, 2023. REUTERS/Adriano Machado

(Reuters) - Brazil's delegation arrives at the World Economic Forum (WEF) with a commitment to defend democracy and the sustainability of both its public accounts and the environment, Finance Minister Fernando Haddad said on Monday.

Speaking to journalists at his hotel in Davos, Switzerland, Haddad said that Brazilian institutions "gave a very immediate response" after supporters of former President Jair Bolsonaro stormed government buildings in Brasilia on Jan. 8.

"Brazil is committed to the electoral result, to democratic rules, freedom, individual freedoms, respecting constitutional guarantees," said the minister, who is representing the country at Davos along with Environment Minister Marina Silva.

He stressed that the economic model defended by the newly inaugurated government of leftist President Luiz Inacio Lula da Silva is aiming to boost economic growth with fiscal and environmental sustainability, as well as social justice.

Later on Monday, Haddad will meet Achim Steiner, head of the U.N. Development Program, and the new president of the Inter-American Development Bank, Brazilian Ilan Goldfajn.

Haddad and Silva will discuss the country's economic, social and environmental roadmap in a WEF panel on Tuesday.

"We can think about the reindustrialization of Brazil based on sustainability," said Haddad, after saying that the country wants to resume its environmental commitments by combatting deforestation and advancing in renewable energy.

The minister presented last week an ambitious plan to more than halve the government's estimated deficit this year by boosting tax revenue and trimming expenditures.

Still, investors are awaiting details of new fiscal rules from the government. Lula secured early congressional support for a spending package bypassing a constitutional spending cap, adding to concerns about fiscal discipline.

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03-02-2023 12:55:27 (UTC+7)

EUR/USD

1.0892

-0.0018 (-0.17%)

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EUR/USD

1.0892

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GBP/USD

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USD/JPY

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AUD/USD

0.7063

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140.05

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Euro Stoxx 50

4,241.12

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S&P 500

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DAX

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2,001.22

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9,229.70

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56.80

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221.70

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 EUR/USD1.0892Sell
 GBP/USD1.2214↑ Sell
 USD/JPY128.58↑ Sell
 AUD/USD0.7063↑ Sell
 USD/CAD1.3325Neutral
 EUR/JPY140.05↑ Sell
 EUR/CHF0.9960Neutral
 Gold1,928.70↑ Sell
 Silver23.550↑ Sell
 Copper4.1143↑ Sell
 Crude Oil WTI75.63↑ Sell
 Brent Oil81.96↑ Sell
 Natural Gas2.436↑ Sell
 US Coffee C178.38↑ Buy
 Euro Stoxx 504,241.12Neutral
 S&P 5004,179.76↑ Buy
 DAX15,509.19Buy
 FTSE 1007,820.16↑ Buy
 Hang Seng21,574.50↑ Sell
 Small Cap 20002,001.22↑ Buy
 IBEX 359,229.70↑ Sell
 BASF53.840↑ Buy
 Bayer56.80↑ Buy
 Allianz221.70↑ Buy
 Adidas157.92↑ Buy
 Lufthansa9.893↑ Sell
 Siemens AG143.72↑ Buy
 Deutsche Bank AG11.456Neutral
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# So hôm qua # Chênh TG
SJC Eximbank6,680/ 6,740
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