Rousseff and Mantega dispute IMF report on Brazil as “incoherent”

Merco Press News, 10/28/2013

Rousseff said Brazil had made progress in several fields in the past few months, since the government announced measures in response to spontaneous anti-government protests in June. One of the government’s pledges at the time, she said, was to ensure fiscal responsibilities.

Finance Minister Guido Mantega also criticized the IMF report as incoherent and probably compiled by technical personnel not very familiar with Brazil’s measures. Mantega said IMF chief economist Olivier Blanchard was much more in tune with the measures implemented in Brazil.

“The IMF evaluation of Brazil’s fiscal policies and debt management is mistaken and should be revised”, Finance Minister Guido Mantega said.

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