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: 1212 (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
Petrobras
Museum of Petroleum and New Energies will operate in the...
19/03/26
Macaé Energy
Macaé Energy: debates focus on the strategic role of nat...
18/03/26
Macaé Energy
Macaé Energy 2026 strengthens the municipality’s positio...
17/03/26
Macaé Energy
With record-breaking attendance, the Macaé Energy trade ...
17/03/26
Offshore Technology & Subsea Engineering
Trendsetter Vulcan Offshore Customizes Tethered BOP Tech...
17/03/26
Macaé Energy
FIRJAN: Technical Conference is a Highlight of Macaé Ene...
16/03/26
Permanent Offer
Inclusion of 15 New Blocks in Permanent Offer (OPP) Bid ...
14/03/26
Rio de Janeiro
Rio City Hall Signs Agreement to Transfer Automóvel Club...
13/03/26
Result
Porto do Açu Sets Historic Record in Cargo Handling
13/03/26
Environment
Following COP30, IBP Organizes Meeting to Debate Brazil'...
13/03/26
Jet Fuel
Resolution Approved to Revise Aviation Kerosene Quality ...
13/03/26
Biofuels
ANP to Participate in Research Project on Increasing Bio...
13/03/26
Results
Petrobras Paid R$ 277.6 Billion in Taxes and Government ...
13/03/26
North Sea
Two new discoveries in the North Sea
11/03/26
Macaé Energy
At Macaé Energy 2026, FIRJAN Promotes Special Edition of...
09/03/26
iBEM26
Innovation, ESG, and Sustainability
06/03/26
iBEM26
Artificial Intelligence drives increased demand for elec...
02/03/26
FIRJAN
Despite Tariff Hikes, Oil Drives Rio's Trade Flow Up 9% ...
27/02/26
Royalties
December Production Royalty Payments Distributed to Stat...
26/02/26
Award
BRAVA Energia Wins Top Honor at OTC Houston for Atlanta ...
26/02/26
Strategic Agenda
ABPIP Presents 2026 Strategic Agenda to Chairman of the ...
26/02/26
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.