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Lula da Silva Says Multilateral Institutions Need Reform

Written on October 5, 2008

VOA News reports that Brazil’s President Luiz Inacio Lula da Silva recently said multilateral institutions need to be reformed to help prevent a financial crisis. Da Silva said increased global food prices are linked to higher oil prices. He says Brazil’s sugar ethanol and biodiesel use help reduce the country’s fossil fuel dependence, create new jobs, regenerate degraded lands, and are even compatible with rising food production.

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