Brazilian leader Luiz Inacio Lula da Silva is set to forge closer ties with Chinese President Xi Jinping during a meeting in Beijing on Friday, a day after he lashed out at the power of the US dollar and the IMF. ManilaBulletin
The veteran leftist, whose government recently announced a deal with Beijing to trade in their own currencies -- ditching the dollar as an intermediary -- is in China to boost ties with his country's top trading partner and spread his message that "Brazil is back" as a key player on the global stage.
"Who decided the dollar would be the currency?" Lula said in Shanghai at a ceremony to inaugurate his political ally Dilma Rousseff as president of the development bank set up by the BRICS nations . "No bank should be asphyxiating countries' economies the way the IMF is doing now with Argentina, or the way they did with Brazil for a long time and every third-world country," he said.- 'Brazil is back!' -Lula, who took office in January, is looking to reposition Brazil as a global go-between and deal broker, seeking friendly ties across the board after four years of relative isolation under his far-right predecessor, Jair Bolsonaro.
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