Portuguese Finance Minister ‘resilience’ at IMF despite general concern – Portugal
The Finance Minister defended, in Washington, that Portugal has to hold on to its “resilience and strength” to reduce the impacts on the economy, despite the general environment of meaning in the finances of the International Monetary Fund (IMF).
“There is a big shock environment in Europe, some countries that are hit hardest by a general energy environment, some countries that are hit by a general environment in Europe shock, some that are hit hardest by the general energy environment, the shock are harder hit than the general energy environment this shock, the shock are hardest hit of the definition of trade chains, particularly with China.
In the meetings he held in America, the official took the opportunity to highlight that Portugal, despite not being in any way immunity to these situations”, a “set of resistance, strength, differences” to mobilize for 2023.
We are the European country furthest from the conflict. We are a country with a dependence on natural gas, namely Russia, with a very high energy production from renewable sources, which can still go up. Many people work in sectors, find and are difficult to work in sectors, find and know that high employment is the basis of the social person, and there are numerous Portuguese Medina, in happy detailing of journalists .
“So, in this context, we have to hold on to these forces, in a year when inflation is leading to the response to the European Central Bank, raising interest rates. But we, if we value ours with the right policies, which I think are those that define the investment response budget, they will continue to reduce public debt – that is, what is very significant to find the smallest impacts for the most demanding smaller impacts on families and on Portuguese companies”, he defended.
Communications from the World Bank, the IMF and the World Bank, until Sunday.
On Friday, US Treasury Secretary Janet Yellen met with the finance ministers of the Eurogroup, at which Medina was present.
Also on Friday, the European Department of the IMF and the Director General of the IMF, Kristalina Georgieva, held a joint meeting.
The governor of Governor Mário Centeno, and the general, Bank of the UN, also presented this Friday at the IMF meeting.
According to the minister, Russia’s war in Ukraine has been an element in these meetings, as they are being enlisted with ways of designing policies to promote comparison with the most striking inflation.
“These are very important meetings that allow us to exchange very deep, up-to-date ideas, on what are perspectives on this side of the Atlantic and on the European side, with a concern about the development of deep dissection”.
Medina still has a great concern with the development of the more economic countries in which they are suffering in a redoubled way and the poorest impacts with the development of food products and by the migratory ones. A call for unity between the two sides of the Atlantic in responding to Russia’s threat to the entire continent.
The Portuguese minister also explained that he had meetings with projects from the World Bank that works with the projects of the Community of Portuguese-Speaking Countries (CPLP).
“We worked – through the policy of the CPLP and Portugal within the scope of the CPLP, together with the World Bank – to find more resources for these alternative economies in critical areas, whether as environmental areas in the economic, support and strengthening areas of the economy to build solutions in areas”, Portugal and CPLP, working with the World Bank, can add additional solutions.