The President Dilma Rousseff addressed a message of optimism to the market for the next year. When speaking of the effects of the global crisis, Dilma said Brazil will be able to maintain a “very favorable” monetary policy and an “advantageous” credit situation.

“All our projects have matured and are reaching cruise speed in 2012. Economic stability and fiscal robustness will allow our monetary policy to remain very favorable to the country. Our credit situation is also extremely advantageous”.

The President attributed the best moment of Brazil in relation to other countries to the international reserves and liquidity of Brazilian banks.

“Today, our country is capable of supporting this [crisis] not only because we have US$ 350 billion [of international reserves], but also because we have a huge liquidity mattress deposited by the banking system with our Central Bank”.

“Several countries are stagnant and we have a single challenge. We don’t have to stop. We have to move forward, keep consuming, keep producing and I assure you that 2012 will be a year much better than 2011”, said the President, in a ceremony in Rio Grande do Sul.