IMF chief lauds Brazil's economic advances

Associated Press
Dominique Strauss-Kahn, managing director of the International Monetary Fund, IMF, speaks during a press conference in Brasilia, Brazil, Thursday, March 3, 2011.  (AP Photo/Eraldo Peres)

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The managing director of the International Monetary Fund says Brazil embodies the challenges facing emerging-market economies.

Dominique Strauss-Kahn met with top Brazilian officials in Brasilia Thursday, the same day the government announced its economy grew 7.5 percent in 2010.

Strauss-Kahn says that demonstrates the sound economic management of Brazil's leaders over the last decade.

But it also opens Brazil, and other fast-advancing nations like it, to the challenges of keeping a lid on inflation while not tamping out needed growth.

He did call on Brazil to tackle tough reforms it has yet to get passed, including tax and social security reforms, along with cutting red tape.

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