Brazil’s New President Skips Davos and Sends Foreign Minister Instead

Brazil's Foreign minister Antonio Patriota Among the world leaders who have scheduled appearances for the World Economic Forum in Davos, which started this January 26, are Barack Obama, Nicolas Sarkozy and Angela Merkel.

French president Sarkozy, who will preside over the G-20 in 2011, has said that he would like world leaders to focus on international financial system reform, including a code of conduct on capital flow.

This occurs against a background of serious economic problems in some European countries, such as Greece, Portugal and Ireland. The political and business leaders in Davos this year will be seeking strategies and solutions to deal with a series of global challenges.

According to Sarkozy, although it is not possible to set exchange rates, something should be done to avoid currency wars. Another issue that will certainly be discussed at Davos, as well as the G-20, is food security and the prices of commodities. Especially, food prices: the price of wheat, for example, has risen by over 90% in the last year.

President Dilma Rousseff will not go to Switzerland, but will send the president of the Central Bank, Alexandre Tombrini, and her Foreign Minister, Antonio Patriota. Both are competent representatives of Brazil’s positions.

It should be recalled that former president Luiz Inácio Lula da Silva chose not to go to Davos in 2009, preferring to send a message about the international financial crisis. Lula’s message was for the crisis to serve as a lesson for the need to rethink the world’s economic system.

ABr

Tags:

Ads

You May Also Like

Brazil’s US$ 42 Bi Surplus Not Enough to Pay US$ 71 Bi Interest on Debt

Last year the Brazilian government saved US$ 42.279 billion (93.505 billion reais), equivalent to ...

Government Feud Delays for 3 Months Sacrifice of Sick Cattle in Brazil

Brazil’s Ministry of Agriculture began this week sacrificing livestock in the south of the ...

Taking Sean from his Family and Little Sister on Christmas Eve Is Inhumane

Dear President Lula, my name is Silvana Bianchi, I am Brazilian, I'm 60 years ...