Brazilian Minister of Finance Fernando Haddad is in Japan to attend the G7 meeting, which brings together the world’s leading economies.
In the bilateral meeting with US Treasury Secretary Janet Yellen, the minister asked for help in the bailout of Argentina.
“We are very concerned about what is happening to our neighbor,” he said.
“And one of the things that bring me to the G7, on the recommendation of President Lula, is to make the G7 and the G20 aware of the specific conditions of Argentina at this time.
We bring this concern for a very evident humanitarian issue,” the Finance Minister declared.
The minister listed many justifications to ask the G7 to help Argentina.
He also said Brazil is concerned about the elections and the “violent posture of extreme right-wing groups in South America.”
Haddad reported to the US Treasury Secretary the lack of foreign exchange in Argentina “for historical reasons that had been accumulating” and the recent droughts, which affected exports.
The Finance Minister told reporters that Yellen “was surprised” by the topic brought up at the meeting and promised to analyze the considerations.
LULA ALSO GOES TO JAPAN… TO ASK FOR HELP FOR ARGENTINA
President Luiz Inácio Lula da Silva confirmed he would attend the presidential G7 next week.
According to Haddad, Lula will also deal with the bailout of Argentina.
“One of the reasons why President Lula is coming to the G7 is to deal with this issue.”
“For us, it is a fundamental issue that this problem be addressed.”
“And President Lula will come next week with the same concern; I am anticipating what he, in person, will bring,” said the minister.
The Brazilian intercession on behalf of the Argentine economy comes weeks after the country’s president, Alberto Fernández, visited Lula at the Alvorada Palace.
On that occasion, the PT (Workers Party of Brazil) president pledged to work to convince the International Monetary Fund to “take the knife out of the neck” of Argentina.
The G7 members are the United States, Canada, the United Kingdom, France, Italy, and Germany.
Brazil participates in the meetings as a guest.
With information from Revista Oeste
News Brazil, English news Brazil, Brazilian politics, G7