Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid Argentina. Also, the two countries are negotiating the establishment of a credit line to pay for Brazilian exports in reals.
Brazil to Serve as Bridge Between BRICS and Argentina
Brazilian President Luiz Inacio Lula da Silva committed to serving as a liaison between Argentina and the BRICS bloc — integrated by Brazil, Russia, India, China, and South Africa — to facilitate economic help to aid the country in its financial and economic crisis.
In a 4-hour meeting that took place in Brazil, Lula vowed to help his Argentine counterpart Alberto Fernandez in seeking international assistance for the ailing country. Lula stated:
From a political point of view, I made a commitment to my friend Alberto Fernández that I will make any and all sacrifi
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