Finance Minister Dario Durigan stated that central banks around the world may be forced to review their position on cutting interest rates given the effects of the United States’ war with Iran.
According to him, Brazil led the conversation on how to make a temporary and focused response to the war during the (International Monetary Fund) and the World Bank, which took place throughout this week, in Washington, USA.
“Compared to countries in Asia and Africa”, said the Brazilian minister, in a press conference this Friday (17).
Durigan stated that it is important to address issues related to , but also structural issues on global agendas.
One of the themes he mentioned was the TFFF (Tropical Forests Forever Fund). “We had good signals about the importance of the TFFF from Spain, China and other countries,” commented Durigan.
Venezuela
The Finance Minister highlighted the importance of resuming negotiations between the IMF and the World Bank with Venezuela and said that expectations are “great”.
“For Latin America and the Caribbean, it is important that Venezuela turns the page, develops, regains its seat and begins to deal, whether with the Bretton Woods banks or with others, such as CAF, such as the IDB,” he stated.
“Expectations are high for Venezuela to resume its path of development,” he added.
The director general of the IMF, Kristalina Georgieva, announced on Thursday (16), that the international organization is now negotiating with the government of Venezuela, under the administration of interim president Delcy Rodríguez.
The country has been a member of the Fund since December 1946, but talks were suspended in March 2019 due to problems with government recognition, according to the IMF.
