Back to basics

Resumo

Former Minister and Ambassador Antonio Delfim Netto explains to Solange Monteiro why after 50 years of experience in the Brazilian political and economic scene he has a calming perspective on the deteriorating fiscal situation and rising inflation. But he does believe that fiscal policy should abandon“alchemy.” He also believes that for the next few years, financing the external current balance deficit will be the main problem, and that eventually the exchange rate will have to depreciate.