In a speech before the United Nations General Assembly on Tuesday, Brazilian President Michel Temer welcomed the participation of investors “from all around the world” in Brazil’s economic development. He pledged “to take the road of social and fiscal responsibility” in managing the nation’s economy. He admitted that Brazil has a great need for investment in basic infrastructure and other areas. “Our development counts with the participation of partners in investment,” he said. Just weeks ago, Temer became Brazil’s full-fledged chief executive following impeachment of Dilma Rousseff. In his speech, Temer said the impeachment was accomplished “within the most absolute respect for constitutional procedures…and should serve as an example to the world.” Earlier, Temer gave an exclusive interview to Bloomberg television. He outlined reform priorities, including hoped-for congressional passage of fiscal reforms including a cap on government spending and new measures to rescue the country’s bankrupt retirement system. He said adoption of the reforms would restore Brazil’s government to a sound fiscal basis by 2019. He also promised a hands-off policy regarding police investigations of government corruption. “These crimes will be investigated to the full extent of the law,” he said.
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