Brazil urges world to find a pathway out of economic crisisListen /
Brazilian President Dilma Rousseff is calling for the urgent resumption of global economic growth to counteract unemployment and a lack of opportunities.
In her speech to the UN General Assembly on Tuesday, President Rousseff said fiscal policies adopted after the 2008 economic crisis have affected emerging countries like her nation.
"The main leaders in the developed world have not found a pathway that will bring appropriate fiscal adjustments on the one hand and investment stimuli as well as demand stimuli which are key to stop recession and therefore ensure economic growth. Monetary policy cannot possibly be the only answer to solve increasingly unemployment, higher poverty levels and lack of heart and lack of a future outlook which currently affects the most vulnerable layers of the population worldwide." (Duration: 38″)
For President Rousseff, an effective response to the crisis will only come about through increased coordination between UN member states and entities such as the International Monetary Fund and the World Bank.
Brazil traditionally is the first country to address the UN General Assembly.