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Bush tells Lula that rescue plan will have effect soon

Mohit Joshi 9 October 2008

Brasilia - US President George W Bush told Brazilian President Luiz Inacio Lula da Silva Wednesday that a 700-billion- dollar rescue plan should be felt on US financial markets "in close to two-and-a-half weeks," according to Lula's office.

Bush spoke with the Brazilian leader by telephone Wednesday afternoon, after Lula called the US president over the weekend to discuss the global financial crisis.

Lula was said to have told Bush that the Brazilian economy remains firm despite the crisis.

The Brazilian leader also told Bush that the stalled Doha round of World Trade Organization (WTO) talks should be given a renewed boost. (dpa)

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