The Economic Times

''Democratic brothers of Global South'': Brazil President Lula da Silva hails ties with India, recalls 2005 visit as economic turning point

Brazilian President Luiz Inacio Lula da Silva praised India's influence on Brazil's economic policy. He recalled how a 2005 visit inspired Brazil to build significant international hard currency reserves. This move transformed Brazil from an IMF debtor to a creditor. President Lula also noted the cultural exchange, with Indian hospitality mirroring a gesture he arranged for Prime Minister Modi.