Brazilian President Luiz Inacio 'Lula' da Silva committed to serving as a liaison between Argentina and the BRICS bloc to facilitate economic help to aid the country in its economic crisis.
Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals
Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid Argentina. Also, the two countries are negotiating the establishment of a credit line to pay for Brazilian exports in reals.
In a 4-hour meeting that took place in Brazil, Lula vowed to help his Argentine counterpart Alberto Fernandez in seeking international assistance for the ailing country. LulaFrom a political point of view, I made a commitment to my friend Alberto Fernández that I will make any and all sacrifices so that we can help Argentina in this difficult time.
Lula criticized the role that the International Monetary Fund has played in the progress of the situation that Argentina, registering record numbers of
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