The Minister of Finance, highlighted Brazil’s commitment to “predictability in times of global uncertainty” in a speech made on Saturday (5) at the opening of the Ministerial Finance Meeting of BRICS. The meeting takes place in Rio and is coordinated by the head of the farm and the president of the Central Bank, Gabriel Galipolo.
“In partnership with BRICS, we aim to consolidate us as a safe haven in an increasingly unstable world,” says Haddad’s speech, who was sent to the press by the Ministry of Finance’s advisory, as the meeting takes place at closed doors. He also said that the brands of the Brazilian presidency of the bloc are “serenity and ambition.”
The minister cited the “resilience” of Brazilian institutions in the face of internal challenges and the good performance of the economy, even in the face of turmoil in the international scenario. He also stated that the country’s industry is under development, aligned with principles of social and environmental responsibility.
Global Monetary and Financial System Reforms
Haddad also highlighted the importance of reforms in global monetary and financial systems. “We are working to facilitate trade and investment between the BRICS countries,” said Haddad, according to a speech referred by the farm staff, as the meeting is closed. “In addition, we recognize the importance of reinforcing coordination on international monetary and financial system reforms.”
The minister’s discourse highlighted advances in intra-brics dialogue on public-private, customs and taxation of people of high income. On the climate front, he cited innovations to accelerate ecological transformation, drawing attention to the role that the block can play in the creation of Tropical Forest Forever Facility (TFFF).
“I count on the commitment of each of you so that we can achieve this historical objective,” the minister told the authorities present, highlighting the intention to announce the TFFF at COP-30, which will take place in November, in Belém (PA).
Haddad also said that it is necessary to mobilize public and private finances to ensure food security, social protection and economic opportunities for all.
*With information from Estadão Content
Posted by Carolina Ferreira
