Brazil, Lula calls for fiscal responsibility to attract investments

Brazil must ensure fiscal responsibility and legal security to attract investments, including in the critical minerals sector. President Luiz Inácio Lula da Silva stated this during the first meeting of the National Council for the Industrialization of Critical and Strategic Minerals, which met today. "To attract investments we must have a tidy economy. Nobody wants to invest in a completely disorderly economy. Investors want to know if we are serious," Lula said, according to the Brazilian portal Metrópoles.

The president insisted on the need to ensure both fiscal and legal responsibility, underlining that the country cannot improvise in building partnerships and projects. The statements come as the government is evaluating new measures to contain public spending and strengthen state finances. Finance Minister Dario Durigan explained that the proposals will be submitted to Lula after his return from the Cop31 climate conference in Türkiye.