Brazil's President, Luiz Inacio Lula Da Silva, said Saturday that
big emerging nations must have a prominent role in fixing the world's
troubled financial system because the poor are blameless victims of the
His comments came as Finance Ministers and Central Bank
Presidents from the world's 20 major economies, the so-called G-20, were gathered for a weekend meeting in Sao Paulo to grapple with ways to tackle the global financial crisis. Da Silva went on to say that rich nations, like the United States, must acknowledge the increasing global role that developing nations like Brazil will play in the world's economy.
Meanwhile, protesters gathered outside the venue where the meeting was taking place to express their anger at the credit meltdown.