News / USA

Geithner in Brazil to Boost Economic Ties

U.S. Secretary of the Treasury Timothy Geithner speaks during a meeting with Brazilian students at Getulio Vargas Foundation in Sao Paulo, February 7, 2011
U.S. Secretary of the Treasury Timothy Geithner speaks during a meeting with Brazilian students at Getulio Vargas Foundation in Sao Paulo, February 7, 2011
TEXT SIZE - +

U.S. Treasury Secretary Timothy Geithner says Brazil and the United States face an economic challenge from nations that sustain undervalued currencies.

During a one-day visit to the South American nation, Geithner did not mention China by name but the U.S. has said that China's currency is substantially undervalued.  Geithner said both Brazil and the U.S. need a balanced global economy to allow for more robust growth.  

U.S. has been working on persuading China to let its currency, the yuan, appreciate.

Geithner is in Brazil to strengthen bilateral relations and lay the groundwork for President Barack Obama's visit there next month.

The secretary is to meet with President Dilma Rousseff and other top officials.

Some information for this report was provided by AP and Reuters.

You May Like

Experts Weigh In on Challenges of Closing Guantanamo Prison

Former chief military prosecutor at Guantanamo delivers petition to White House with more than 370,000 signatures, demanding facility be closed down immediately More

Karzai to Discuss Enhancing Defense Ties with India

Afghanistan looking for more military aid as it prepares for withdrawal of NATO forces by next year More

India, China Pledge to Overcome Border Tensions

Indian prime minister and Chinese premier attempt to move past tense standoff in the Himalayas during Delhi talks More

Burmese President Opens US Visit with VOA Town Hall Meeting

Ahead of his meeting with President Obama Monday, Thein Sein answered questions on human rights and economic development in his country More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Video

Video US Oil Surge Could Impact Mideast Geopolitics

The United States will account for a third of new oil supplies over the next five years, and will become energy self-sufficient in 20 years, according to a new report by the Paris-based International Energy Agency (IEA). Although U.S. oil imports from Arab Gulf countries increased last year, analysts predict the U.S. will lose its dependence on Middle East imports, which is expected to have a huge impact on international relations and the balance of power. VOA's Henry Ridgewell reports.