Economy

Mantega says that the global economic recovery is incipient

Brazil Agency
18/03/2014 13:05
Mantega says that the global economic recovery is incipient Imagem: Fiúza Elza/ Brazil Agency Visualizações: 1307 (0) (0) (0) (0)

 

The finance minister of Brazil, Guido Mantega, said yesterday (17) that the international economic recovery was not sufficient to stimulate the emerging countries. "The recovery from my point of view, is still incipient. It is a slower recovery than we would like, and still is not enough to stimulate the resumption of (countries) emerging. We are in a time of transition, coming out of an economic crisis and entering a new phase in the international economy, in which adjustments occur", he said after meeting with Treasury Secretary of the United States, Jacob Lew.
According to the minister, the reduction of economic stimulus, which is being made by several countries, including Brazil and the United States, creates a volatile international scene. "We have to accommodate ourselves to the volatility (change too fast) that these movements have caused", he said. 'We have some concern about the handling of China and other emerging countries. We have work yet to face important challenges on the path of global economic recovery", he added.
The situation in Ukraine was also the subject of the meeting. Mantega said the country faced a political crisis, may receive aid from the International Monetary Fund (IMF). "Ukraine has a difficult economic situation. She is a member of the Monetary Fund. Therefore, she is entitled to receive funds from the background. So I believe, within the rules established, (that) we can organize a program of aid to Ukraine", he said. The Brazilian minister did not comment, however, the defense of the sanctions imposed on Russia, taken moments earlier by Jacob Lew.
According to the U.S. Secretary, the U.S. government acted in response to "provocative actions" of Russia. The U.S. president, Barack Obama, ordered the freezing of representatives of 11 Tall Russian and Ukrainian assets. "Our actions demonstrate a focus to respond to an attempt to undermine the sovereignty and territory of Ukraine. We are prepared to take steps forward, politically and economically, in response to the crisis", said Lew.
According to the U.S. Treasury Secretary, in an emergency situation the Ucrância passes, the IMF can play an important role in supporting the country. 
The province Ukrainian Crimean approved in a referendum, the reunification of its territory to Russia. Popular consultation before condemned by the U.S. and European Union, which adopted measures in response to the action.

The finance minister of Brazil, Guido Mantega, said yesterday (17) that the international economic recovery was not sufficient to stimulate the emerging countries. "The recovery from my point of view, is still incipient. It is a slower recovery than we would like, and still is not enough to stimulate the resumption of (countries) emerging. We are in a time of transition, coming out of an economic crisis and entering a new phase in the international economy, in which adjustments occur", he said after meeting with Treasury Secretary of the United States, Jacob Lew.


According to the minister, the reduction of economic stimulus, which is being made by several countries, including Brazil and the United States, creates a volatile international scene. "We have to accommodate ourselves to the volatility (change too fast) that these movements have caused", he said. 'We have some concern about the handling of China and other emerging countries. We have work yet to face important challenges on the path of global economic recovery", he added.


The situation in Ukraine was also the subject of the meeting. Mantega said the country faced a political crisis, may receive aid from the International Monetary Fund (IMF). "Ukraine has a difficult economic situation. She is a member of the Monetary Fund. Therefore, she is entitled to receive funds from the background. So I believe, within the rules established, (that) we can organize a program of aid to Ukraine", he said. The Brazilian minister did not comment, however, the defense of the sanctions imposed on Russia, taken moments earlier by Jacob Lew.


According to the U.S. Secretary, the U.S. government acted in response to "provocative actions" of Russia. The U.S. president, Barack Obama, ordered the freezing of representatives of 11 Tall Russian and Ukrainian assets. "Our actions demonstrate a focus to respond to an attempt to undermine the sovereignty and territory of Ukraine. We are prepared to take steps forward, politically and economically, in response to the crisis", said Lew.


According to the U.S. Treasury Secretary, in an emergency situation the Ucrância passes, the IMF can play an important role in supporting the country. 


The province Ukrainian Crimean approved in a referendum, the reunification of its territory to Russia. Popular consultation before condemned by the U.S. and European Union, which adopted measures in response to the action.

Most Read Today
see see
FIRJAN
Agrega + Indústria brings together entities, companies, ...
29/07/26
SOG 2026
ABPIP brings to Sergipe Oil & Gas a debate on strengthen...
28/07/26
Event
BR Aviation presents its portfolio of customized solutio...
23/07/26
Royalties
Royalties: amounts referring to May production distribut...
23/07/26
Fuels
Fuel and lubricants sector registers 1.8% drop in June, ...
22/07/26
IBP
Studies point to redundancy of the export tax and extra ...
22/07/26
PPSA
7th Spot Auction: PPSA markets cargoes from Atapu and Ba...
20/07/26
Results
Union oil production reaches 244 thousand barrels per da...
17/07/26
State of Ceará
Natural gas arrives in Cariri (CE) and strengthens econo...
16/07/26
Terminals
Vast announces contract extension with PETRONAS Brasil u...
15/07/26
International
War, oil and the dollar: how global fluctuations impact ...
13/07/26
ANP
Third-party access to natural gas flow pipelines and pro...
10/07/26
Agreement
ANP and Petrobras sign agreement to bring 335 offshore w...
07/07/26
Logistics
Vast Infraestrutura and Petrobras strengthen partnership...
07/07/26
IBP Positioning
Change of the instrument does not fix the illegalities o...
07/07/26
Energy Summit
Energy Summit 2026: Embrapii technologies strengthen Bra...
22/06/26
Energy Summit
Biodiesel and renewable fuels move to the center of the ...
22/06/26
Natural Gas
ANP extends public consultation on the calculation of th...
22/06/26
Rio de Janeiro
Firjan’s Oil Yearbook in Rio highlights that positive pr...
22/06/26
Biomethane
With a market five times larger since 2020, the biometha...
22/06/26
Petrobras
Petrobras approves investment in bio-jet fuel and renewa...
22/06/26
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.