Brazil stands ready to take part in any international rescue plan for the global financial crisis, President Dilma Rousseff said Wednesday. Such aid "could be, maybe," via the International Monetary Fund, she told reporters. But she stressed that "the problem in the world isn't the need for money. The problem is the lack of a political decision to invest."
Brazil, she said, "is always ready to participate in any international effort." The words came a day after Rousseff's finance minister, Guido Mantega, announced that the BRICS countries - Brazil, Russia, India, China and South Africa - were discussing helping Europe with its debt problem. The grouping was to hold talks on the issue next week in Washington, he said.
Rousseff, a trained economist, said that although Brazil's 2011 growth looks set to halve from the 7.5% recorded last year, "it is impossible that Brazil has the same sort of crisis as that seen in the United States and in the eurozone." Her country, she said, "has all the instruments needed to diminish the impact of the crisis."
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