December 1, 2002
All eyes are on Brazil as incoming President Luiz Inácio Lula da Silva begins to navigate the country's economy through highly disrupted domestic financial markets, as well as a fragile and volatile global economy. Much is at stake, not only for Brazil but also for the whole of Latin America. Through determined policy implementation and the support of the international financial community, Brazil is in a position to normalize its financial markets and restore the conditions for high and sustained economic growth.
There is no doubt that Lula is inheriting a difficult situation with l
When President-elect Luiz Inácio Lula da Silva takes office in January, he caniether srenghthen the institutions needed
for job growth and poverty reduction, or undermine them and face the effects of collapsing economic activity, higher inflation and imploding financial systems. Mohamed El-Erian believes Lula has the guts and the will to restore financial stability to Brazil.