WASHINGTON (Sputnik) — "Our work with the Ministry of Finance has reaffirmed…that [President Michel Temer’s] administration is taking ambitious steps to regain Brazil’s economic footing," Lew stated at a meeting in Brasilia, the capital, with Finance Minister Henrique Meirelles, according to the release.
The Treasury Department, Lew said, “is committed to working with our counterparts to further advance these critically important efforts."
24 September 2016, 14:17 GMT
Brazil’s economy "appears poised to return to growth" after its worst recession in over 100 years, the US secretary said. "Temer is taking ambitious steps to restore confidence to consumers and investors alike.”
Temer became president on August 31, replacing Dilma Rousseff, who was impeached by Brazilian legislators on allegations that she had manipulated the national budget. However, Temer also has been liked to a financial scandal involving state-owned oil company Petrobras.
