Brazil’s Lula criticises US dollar and IMF during China visit

Issued on: 14/04/2023 – 03:25

The two countries have recently announced a deal to trade in their own currencies, dropping the dollar as an intermediary. Lula also criticised the IMF, accusing it of ‘asphyxiating’ the economy of certain countries.

Brazilian President Luiz Inacio Lula da Silva criticised the outsize role of the US dollar in the world economy and lashed out at the IMF on Thursday during an official visit to China.

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.

“Why should every country have to be tied to the…

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