Economy

Brazil President to announce economic recovery measures

Newly re-elected Brazilian President Dilma Rousseff has said she would soon be announcing measures for economic recovery

The Hindu
29/10/2014 20:26
Visualizações: 1549 (0) (0) (0) (0)

Newly re-elected Brazilian President Dilma Rousseff has said she would soon be announcing measures for economic recovery and to strengthen the fight against inflation, but not before holding an extensive discussion with all sectors.

 

In her first public appearance a day after her re-election, the head of state told two television channels on Monday that she would attend to her voters’ appeals for change but that, first, she would discuss these with all parties, including the opposition.

 

Ms. Rousseff was re-elected Sunday with 51 percent of the votes. Her opponent, social democrat Aecio Neves garnered 49 percent. “I am not going to wait for the end of the first term to launch the actions necessary to transform and improve the growth of the economy,” said the President in a reference to the low growth rates and high inflation in the country.

 

She added that she would be “very clearly” announcing the economic measures she planned to adopt and these would be the result of a consensus among all sectors. “I am going to hold a dialogue with all the sectors. I want to talk with the business and financial sectors (and) with the market to discuss the way for Brazil,” she said.

 

She admitted that that process would begin only once the market stabilised which could be in November, setting the stage for an announcement of the measures by the end of the year. “So that the country grows, maintains low levels of unemployment, effectively fights inflation, it is necessary to hold a broad dialogue with all the productive forces, with society and with the financial sector. The climate now is of building bridges and not of looking for differences,” she emphasised.

 

The President will be taking a break after a long campaign leading up to the elections before she resumes her official duties next week. However, she is expected to continue discussions regarding the formation of the next cabinet and especially to decide the replacement for current Finance Minister Guido Mantega.

 

That decision is anxiously awaited by the financial markets, which in recent months have showed a growing distrust of Mantega and are hoping for an easing of the “interventionist” policies in the economy. The President, however, made it clear that she was in no rush to announce names and that there could be a wide-ranging reform in the cabinet.

 

“I will announce names at the right time. And I am not going to discuss only one minister, I will discuss my ministry. I said in the campaign that I will have a new government with new ideas,” she told Record TV.

 

Most Read Today
see see
International
PortXL presents its 2026 cohort of 11 maritime startups ...
30/09/26
ADIPEC
ADIPEC 2026 set to welcome record Asian participation as...
29/09/26
ANP
Royalties: amounts referring to July production were dis...
29/09/26
25th WPC
Riyadh Takes Center Stage as Global Energy Heavyweights ...
28/09/26
ROG.e 2026
Petrobras president advocates active exploration and exp...
25/09/26
ROG.e 2026
Nikki Martin, president and CEO of EnerGeo Alliance, spo...
25/09/26
ROG.e 2026
Oil States Highlights Integration Between Engineering, M...
25/09/26
ROG.e 2026
Port of Açu and OceanPact sign agreement for expansion o...
25/09/26
ROG.e 2026
Lumina’s Role and the Impact of ROG.e 2026 on the Energy...
25/09/26
ROG.e 2026
Leaders Identify Brazil as a Pillar of Energy Security a...
24/09/26
ROG.e 2026
Firjan SENAI and Sebrae Rio Connect Small Businesses wit...
24/09/26
ROG.e 2026
PPSA Study Identifies Best Practices to Support Investme...
24/09/26
ROG.e 2026
ROG.e 2026 Reinforces the DE&I Agenda in the Energy Sect...
24/09/26
ROG.e 2026
IBP Launches Publication on Energy Companies’ Socio-envi...
23/09/26
ROG.e 2026
Industry Giants and Independent Producers Accelerate Pro...
22/09/26
ROG.e 2026
Firjan Attends ROG.e 2026 Opening Ceremony and Signs Tec...
22/09/26
ROG.e 2026
ROG.e 2026 Opening Ceremony Highlights Just Energy Trans...
21/09/26
ROG.e 2026
Global Leaders Position Brazil as a Hub of Stability, At...
21/09/26
ROG.e 2026
Exclusive Interview: Pelagus targets Brazil to strengthe...
21/09/26
ROG.e 2026
At ROG.e, Firjan SENAI Holds the 30th Edition of the Sup...
21/09/26
ROG.e 2026
ROG.e 2026 kicks off next Monday (21) with global energy...
19/09/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.