Economy

Petrobras will not be sliced ​​and BNDES will return to investment bank, says Lula

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President-elect Luiz Inácio Lula da Silva (PT) said this Thursday (10) that Petrobras will not be sliced, ruled out privatizing Caixa Econômica Federal and Banco do Brasil and said that BNDES (National Bank for Economic and Social Development) will return to being an investment bank.

Lula made a speech to parliamentarians from allied parties in the auditorium of the CCBB (Centro Cultural Banco do Brasil), seat of the transitional government.

“Our commitment is very simple: it is to rebuild this country,” he said. “Democracy is back, civility is back. These people will be heard, these people will have the right to have a say in what we have to do.”

“I want to tell you that Brazilian public companies will be respected. Petrobras will not be sliced. I want to say that Banco do Brasil will not be privatized, Caixa Econômica [também não]”, he said. “And BNDES, BRB [Banco Nacional de Brasília] and Basa (Banco da Amazônia) will go back to being an investment bank, an investment bank including for small and medium entrepreneurs.”

He also recalled that Simples Nacional was created during his government, as well as financing the securitization of farmers’ debt. “So when people say ‘ah, but don’t ruralists have a problem?’, I talk to find out what the problem is?”, he added.

The PT also criticized the pension reform of the government of Jair Bolsonaro (PL) and the changes in labor legislation made during the administration of former president Michel Temer.

In addition, he stated that “some things seen as spending in this country will come to be seen as investments.”

“It is not possible that money has been cut from the Popular Pharmacy in the name that we have to meet the fiscal target, comply with the golden rule. Do you know what the golden rule is in this country? milk and wake up without having a bread and butter to eat every day.”

The president-elect also spoke about his participation in COP 27, the UN conference on climate change. “I’m already going to have more conversations with world leaders in Egypt in a single day than Bolsonaro had in four years. One of the things we’re going to do is put Brazil back at the center of international geopolitics,” he said. “You have no idea of ​​the expectations that Brazil is generating in the world.”

“The expectation is so great that in a single day I received 26 phone calls, something that Bolsonaro may not have received”, he ironized. “I don’t want to make enemies. I don’t want war, I want peace. I don’t want hate, I want love. I don’t want weapons, I want culture and I want books. I don’t want jail, I want school. I ask you: help me to build.”

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