On this Wednesday, I am setting out on my first 2018 international activity. I will be participating in the World Economic Forum in Davos in Switzerland. It will enable me to address a global audience comprising political leaders, business men and women, opinion makers, at various points during the Forum. Once again, I will be speaking about the reform programme which has been transforming Brazil.
We have turned the page of the economic crisis because we were able to say no to populism and acted responsibly. Moved by a long-term vision, our government has been building, through a permanent dialogue with the National Congress and the society, the foundations of an efficient State, which provides its citizens with quality services within a balanced budget. These also constitute the foundations for sustainable growth, indispensable to advance the development of Brazil and effectively remove millions of Brazilians from poverty.
In a little less than a year and a half of management, in practical terms we have corroborated our commitment to fiscal balance. The results are here. Inflation has fallen and it is once again under control. The exchange rate has been stabilized. The interest rates have shrunk to their lowest historical levels. It was with achievements and not voluntarism that we succeeded in restoring the confidence in the Brazilian economy - confidence which has already been reflected upon the increasing industrial activity, the vitality of foreign trade and renewed job creation.
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