Brazil’s new leader focuses on economy

May 13, 2016, 3:43 AM EDT
Brazil's President Michel Temer
(Source: Michel Temer/flickr)

Hours after Brazil’s senate voted in favor of an impeachment trial against Dilma Rousseff, the country’s interim president Michel Temer called on his countrymen to trust his administration and its ability to revive the country’s crippled economy. Earlier, Rousseff described her removal as a “farce” and vowed to fight against the injustice.

“It is urgent we calm the nation and unite Brazil,” Temer said, after a signing ceremony for his incoming cabinet.

In a major step to combat economic downturn in Brazil, Temer set up a “business-friendly” cabinet and appointed former central bank chief Henrique Meirelles as finance minister, notes the BBC. While the economy remains Temer’s priority the leader also stressed on the need to expand social programs for safeguarding the interests of the poor.

It will be a “momentous challenge” for Temer to trigger economic growth in a country that is reeling under its worst recession since the Great Depression, writes Reuters.

Temer implemented his first austerity measure by reducing the number of cabinet posts from 31 to 22, reports The Guardian. Temer, who is accused of corruption, enjoys modest support among voters, with his disapproval rating being as high as 62 percent as projected by a recent poll.

 

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