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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Brazil's Lula Criticizes US Dollar and IMF during China Visit

Luiz Inacio Lula da Silva Lula da Silva International Monetary Fund Brazil China United States US Dollar Dilma Rousseff Jair Bolsonaro Xi Jinping
Brazilian President Lula da Silva speaks during the inauguration of Dilma Rousseff as the head of the New Development Bank in Shanghai, on April 13, 2023. Ricardo Stuckert, Reuters

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

Brazilian President Luiz Inacio Lula da Silva criticized 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, AFP said.

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