2023-11-24 17:45:00
President Luiz Inácio Lula da Silva (PT) stated this Thursday (23) that the Brazilian presidency of the G20 will focus on three main discussions, one of them being the possibility of reforming the global governance system. Lula also stated that another issue that will receive attention during his term is the issue of inequality, in particular the debt of the world’s poorest countries, in addition to the energy transition.
“It is not possible for the Bretton Woods institutions, the World Bank, the IMF [Fondo Monetario Internacional] and so many other financial institutions continue to function as if nothing was happening in the world, as if everything was resolved,” he said.
“Many times, institutions that lend money do not do so with the objective of saving the country that is borrowing, but rather to pay debts, and not to produce a productive asset, demonstrating that they do not contribute to saving the lives of countries,” added the president.
Lula participated in the installation meeting of the G20 National Commission at the Planalto Palace. Brazil will assume the presidency of the bloc on December 1, which brings together the world’s 19 largest economies and the European Union and the African Union. The Brazilian mandate will extend until November 30 of next year.
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