Today: Tuesday, 23 July 2024 year

Lula da Silva suggested that the US should invest in Brazil instead of going to war.

Lula da Silva suggested that the US should invest in Brazil instead of going to war.

Brazilian leader Luiz Inacio Lula da Silva, presenting the new Brazilian economic development program, said that he sees Europe’s desire to “turn” to Latin America, while Washington, in his opinion, has been thinking for many years not about investments, but “only about war.”

“Many people want to invest in Brazil. In Europe, I feel the desire to turn to Latin America. We will have to get there by selling our projects,” Lula said.


According to the Brazilian president, he is going to tell US President Joe Biden that “the United States for many years only thought about the war, and not about investing in Brazil.”


The Brazilian president made these remarks at the launch of the new Growth Acceleration Program (RAS), a government investment plan worth about $343 billion through 2027. Funds under the RAS will be allocated to infrastructure projects, including frozen ones, as well as social programs. As Lula noted, he will not allow austerity measures to delay the implementation of these projects.