RIO DE JANEIRO, Oct. 1 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva on Wednesday denied rumors of government plans to aid sectors likely to be affected by the world financial turmoil, saying the Brazilian economy remained sound.
The government has not prepared any package of measures to minimize the impact of the current global financial crisis on Brazil, as the country's economic situation is "calmer," Lula said after meeting with senior ministers over the fallout of the crisis.
During the meeting, Finance Minister Guido Mantega assured the president that the economy is solid as foreign investors are still keeping their money in the country.
"We are not yet troubled by the U.S. financial crisis," said Mantega, adding the government will strive to maintain economic growth by securing credit supply.
The government has already taken a series of initiatives since the onset of the crisis to ensure sustained growth, Mantega said.
"If that is not enough, new measures will be taken to increase credit lines," the minister said. "If problem comes, we will face it."
Mantega expected the country's economy to grow by at least 2.5 percent in 2009. His initial growth forecast was 4.5 percent.